The person who wrote the check
The person who wrote the check
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.
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.
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
No
Possible ReasonsIt may have gotten lost in the mail, may not have been sent due to recording errors, or other reasons may have delayed it. You should contact the payor of the check to let them know that you have not received it. They will be able to tell you if there is a reason you will not receive it or help you locate it.
The answer is already on this website, pleases see the link below. http://www answers com/topic/payor-clause
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