Cheque
Cash register roll
Duplicate
If cheque is not not cleared then it is called "Bounce".
No. A Blank Cheque should not be copied or reproduced by any means. Only banks have the authority to print or make copies of blank Cheques. However, if you are issuing a cheque to someone and want to keep a copy for proof (after you fill it and sign it) you can take a photocopy in white paper and that should not be a problem.
If a cheque bears a date earlier than the date on which it is presented to the bank, it is called anti-dated cheque
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
Open cheque - An open cheque is one that can be taken to the bank that issued the cheque and converted to cash right away. The bank will ask proof of identity from the person cashing it to ensure that they are paying the correct person to whom the cheque was issued to Crossed cheque - A crossed cheque is also called an account payee cheque. This is a cheque that can be cashed only by depositing it into a bank account of the person who received it. It cannot be directly converted to cash.
Yes. A Single cheque is also called a cheque leaf
If cheque is not not cleared then it is called "Bounce".
No. A Blank Cheque should not be copied or reproduced by any means. Only banks have the authority to print or make copies of blank Cheques. However, if you are issuing a cheque to someone and want to keep a copy for proof (after you fill it and sign it) you can take a photocopy in white paper and that should not be a problem.
If a cheque bears a date earlier than the date on which it is presented to the bank, it is called anti-dated cheque
an NSF cheque is often called a "bounced" cheque
In case a cheque is torn into two or more pieces and presented for payment , such a cheque is called a mutilated cheque'''''''''It can behonoredif the collecting bank guarantees by certifying back side of the mutilated cheque...BOB Amin
Both are correct. If a single cheque is used it is called a cheque leaf. If a number of Cheques are used, collectively they are called cheque leaves or a cheque book or a booklet of Cheques. They all refer to one and the same. The difference is just the number of Cheques under consideration.
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
Open cheque - An open cheque is one that can be taken to the bank that issued the cheque and converted to cash right away. The bank will ask proof of identity from the person cashing it to ensure that they are paying the correct person to whom the cheque was issued to Crossed cheque - A crossed cheque is also called an account payee cheque. This is a cheque that can be cashed only by depositing it into a bank account of the person who received it. It cannot be directly converted to cash.
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
A Crossed Cheque is also called an Account Payee cheque. This type of cheque cannot be cashed directly. It can only be deposited into an account of the person to whom the cheque is issued. This is done to ensure that in case the cheque is lost, it cannot be cashed by anyone who finds it. Crossing a cheque is done usually by making two parallel lines in the top left corner of the cheque.