The person who wrote the check
The person who wrote the check
Typically, checks made payable to the payor are issued by the bank where the payor holds an account. When the payor requests a check, the bank generates it using the payor's account information. This process is common for personal checks, business checks, or checks issued for specific transactions. Always ensure that the bank's policies and procedures are followed when requesting such checks.
The payor is not bound by law to issue another check. The check was legal tender that you could have cashed at any time. Some banks will still cash a check that was issued over six months ago.
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.
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
payee is the person who is to be paid payor is who pays to the payee
Tertiary insurance is the 3rd insurance policy responsible for payment. Example... Medicare, primary payor Blue Cross Blue Shield, secondary payor Aetna, tertiary payor
You can and it would probably bounce due to insufficient funds, unless the payor had bank coverage for IF, then the bank would pay it. The payor [you'r the payee, the one who should be receiving the money] would be penalized by the bank if they dint have the IF coverage, as I understand it, I've never been in that situation.
No
The answer is already on this website, pleases see the link below. http://www answers com/topic/payor-clause
tricare
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