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What is cheque discounting?
Client can take money from bank on the security of post dated cheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
Meaning of paying banker?
the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank
What the meaning of dishonored cheques?
A Cheque that is returned by the cheque issuing branch because it is not a fully valid instrument to dispense cash. It could be because the cheque has expired or the account holder signature is not consistent or illegible or there is over writing in the payee name or the amount etc or if the account does not have sufficient balance to pay the cheque.
Meaning of To Clearing when cheque is deposited?
It means that the money has exchanged from one bank to the next.
Is the correct grammar a cheque of or a cheque for?
cheque of is a right grammar!
What is cheque discounting?
Client can take money from bank on the security of post dated cheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
What is the meaning of bill as cheque?
A cheque is British English for a check in American English.
What is security cheque tagalog meaning?
The Tagalog meaning of "security cheque" is "garantyadong tseke." Security cheque is a type of check that provides assurance to the recipient that the funds are guaranteed by the bank and will be available for withdrawal.
What is the meaning of consideraton in we are enclosing a cheque as consideration?
payment
Who is the payee of a cheque?
The payee of a cheque is the individual or entity to whom the cheque is made payable, meaning they are the ones entitled to receive the funds specified on the cheque. The payee's name is typically written on the front of the cheque. Once the cheque is presented to a bank, the payee can cash or deposit it to access the funds.
What is the meaning of apparent tenor of the cheque?
Apparent tenor of cheques means: date of cheque, sum of cheque both word and figure, name of payee, drawer signatures.
What is the exact meaning of an expired check?
Every bank cheque has a validity of 6 months from the date of issue of cheque. Let us say you issue a cheque to somebody on Jan 1st, till June 30th the cheque is valid. From July 1st the cheque is expired.
What is the difference between cheque and voucher?
Cheque is both securities and payment instrument. Voucher is only securities. From securities point of view they are the same and have the same meaning. Cheque has larger scope.
What is meaning of encashment?
The payment of a note, draft or cheque in cash money.
Meaning of drawer and drawee of cheque?
The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE). Drawer and payee can be the same person if it is a self cheque.
Atm transaction CD-R this code meaning?
Cheque returned in clearing
Meaning of paying banker?
the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank
