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When final payment is written on a check, it means in the debtor's eyes, this is the final payment. Other than that, it is not a legally binding statement and they may still owe money and money can be collected from them.

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10y ago

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Related Questions

Is it possible for someone to stop payment on an official check?

Define what you mean by "official check." If you mean a government check - no. Once it is issued it is payable on demand.


What homonyms mean to bring to a stop or payment of money?

check, cheque


What does it mean if a check bounces?

If a check bounces, it means that the bank did not honor the payment because there were insufficient funds in the account to cover the amount of the check.


What does the slang word check mean?

In slang, "check" can mean to verify or confirm something, as in "Let me check my schedule." It can also refer to receiving money or payment, like in "I got a big check from work."


What does this homophone mean to bring a stop and a payment of money?

The homophone you are referring to is "halt" and "halt." "Halt" means to bring something to a stop, while "hault" refers to payment of money.


What Does it Mean to Accept a Check by Phone?

Accepting a check by phone is a process where you can receive payment from a check without needing the physical paper check in hand. Instead, the details of the check are given over the phone, which you can then use to process the payment just like a regular check. This method is secure and recognized by many financial institutions.


What is the british English word for chek?

chek is not a word.If you mean Check (a form of payment), the British spelling is Cheque.


What does "for deposit only" mean when written on a check?

"For deposit only" written on a check means that the check can only be deposited into a bank account and cannot be cashed.


What does oao mean when it is written on a government check for a deceased person?

On Account Of


What does payment enclosed mean?

"Payment enclosed" typically refers to a situation where a physical payment, such as a check or cash, has been included with a letter or document. This phrase indicates that the sender has included the necessary payment for a specific purpose, such as paying a bill or purchasing a product or service. It serves as a clear instruction to the recipient that the payment is included and should be processed accordingly.


How i check my policy status?

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.


How I can check policy status?

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.