0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is called when someone is receiving a check?
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
What is open 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.
A person who writes the check?
The person who writes a check is called the payor. Or in the case of my brother, a sucker, when he writes another check for his girlfriend.
All documents supporting a cheque to be cancelled by the person who signs the cheque?
All documents supporting a cheque has to be cancelled by the person who signs the cheque to ensure the claimant is the right person. The names on the cheque are the ones that own the account.
How do you cash a crossed cheque with no account?
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.
Name the parties to a cheque?
drawer- the person who writes and sings the cheque . drawee- the bank on which the cheque is drawn . payee- the person named on the cheque .
What is called when someone is receiving a check?
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
What is open 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.
A person who writes the check?
The person who writes a check is called the payor. Or in the case of my brother, a sucker, when he writes another check for his girlfriend.
What is a person called who writes a will?
Testator.
What do we call a person who writes novel?
An author.
Difference between order cheque bearer cheque?
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
What is it called when a person writes about a famous person?
a publisist a bigraphy
What is person called who writes plays?
a playwright
What is the person called who writes poems?
This is a poet
What is a person who writes music called?
composer
What do you call someone who writes newspaper articles?
A person who writes newspaper articles is called a journalist or a reporter.
