answersLogoWhite

0

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.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is the purpose of endorsing a check?

The purpose of endorsing a check is to authorize the transfer of the funds to another person or entity.


What is the purpose of a tilde?

to spell check your answer


What is the purpose of the check without address?

The purpose of a check without an address is to provide a way for the recipient to deposit or cash the check without needing to have a specific address associated with their account.


What is the purpose of the check stubs or check register?

These are basic tools of record-keeping.


What is the purpose of a health check?

To check your health - finding any abnormalities such as cancer


What is the purpose of check signers?

The purpose of check signers is to sign hundreds or thousands of checks in just minutes. This saves you time and money and a lot of frustration. There are a huge selection of check signers from reputable manufacturers.


What is the purpose of including a legal line on a check?

The purpose of including a legal line on a check is to specify the exact amount of money that the check is written for in words, to prevent any confusion or errors in the amount being paid.


What is the purpose of the check starting number in this process?

The purpose of the check starting number in this process is to ensure that the correct sequence of numbers is being used and to verify the accuracy of the calculations.


Which describes the purpose of proofreading?

to check for small mistakes in the poem


Can you endorse a check as not used for purpose intended?

Endorsing a check 'not used for purpose intended' makes little sense. While you can endorse a cashier's check or money order 'not used for purpose intended' this is only because these are financial instruments backed by cash. A check, on the other hand, represents the promise of available funds in an account, to be provided to the payee upon demand. There is no guarantee that a check won't bounce. A cashier's check or money order has been paid for up front, and cannot bounce. This is why you can endorse a cashier's check or money order 'not used for purpose intended' while you cannot do the same for a check.


What is the purpose of a check cashing store?

The purpose of a check cashing store helps clients to cash their check for a fee. The check cashing store is very useful, especially when one does not have a bank account. many of these stores also offer short term loans.


What is the purpose of credit report check?

The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.