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What is the name of the person to whom the money in a cheque is to go?
Wiki User
∙ 14y ago
The payee .
Wiki User
∙ 14y ago
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Can anyone sign a blank travellers cheque?
No. The travellers cheques can be signed only by the person to whom it was issued to. When a travellers cheque is issued, the name of the person to whom it is issued is recorded. Hence it can be cashed only by the person to whom it was issued and no body else. No one else can sign the cheque except that person.
What is a bank cheque?
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
What is a check used for?
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
When is a check considered paid?
A cheque is considered paid when the person to whom the cheque was issued deposits it in a bank and receives the cash due against the cheque.
What is the definition of a cash cheque?
An open cheque or a cash 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
Can anyone sign a blank travellers cheque?
No. The travellers cheques can be signed only by the person to whom it was issued to. When a travellers cheque is issued, the name of the person to whom it is issued is recorded. Hence it can be cashed only by the person to whom it was issued and no body else. No one else can sign the cheque except that person.
What is a cheque?
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.
What is cheque?
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.
What is a cheque defiantion?
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
What is a bank cheque?
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
What is the purpose cheque?
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.
What does account payee mean?
payee is the person whom the cheque, draft or money order is made out to.
What is the functions of a cheque?
what is the function of a cheque
What is a check and what is it use for?
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
What is a check used for?
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
What is the purpose of check?
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.
When is a check considered paid?
A cheque is considered paid when the person to whom the cheque was issued deposits it in a bank and receives the cash due against the cheque.
