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Debt and Bankruptcy
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Industrial Credit and Investment Corporation of India Bank ICICI

What is a cheque?

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Wiki User
October 02, 2011 9:31AM

A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the cheque (provided the account has sufficient balance) from the bank where the cheque issuer holds his account.