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Oh, dude, when a check status is "carved," it means someone got really creative with their banking and decided to turn their check into a work of art! Just kidding. In reality, if a check status is "carved," it probably means it was altered or tampered with in some way, which is definitely not a good thing. Like, that's a big no-no in the world of finance.
What else can I help you with?
What does post-dating a cheque mean?
It means, issuing a cheque that has a date that is past today's date. Let us say you issue a cheque today, May 28th 2009 and mark the cheque date as June 10th 2009, it means you have issued a post dated cheque.
What does non negotiable mean on a cheque?
It means that the value of the cheque is fixed and it cannot be negotiated or changed. The amount entered in the cheque is the exact amount anyone who deposits this cheque will get. Not a rupee more and not a rupee less. That is why Cheques are called non-negotiable instruments.
What does not negotiable mean on a cheque?
It means you cannot cash it. A cheque has to be negotiable to be cashed. Non negotiable means it cannot be cashed. usually if you get a cheque with that stamped on it it is a sample or 'prize' lure for a contest.
Can a crossed cheque be endorsed?
"Account Payee" Cheque cannot be endorsed. only payee of the cheque is entitled to get credit of the amount i.e., the amount will be credited to his account only. However if it is "Not Negotiable" crossing it does not mean that the cheque can not be transferred further it can still endorsed but the transferee will not get better title than the transferor.
What does not transferrable mean on a cheque?
"Not transferable" on a cheque indicates that the cheque cannot be endorsed or transferred to another party. This means only the original payee can cash or deposit the cheque, providing an added layer of security against fraud. Such restrictions help ensure that the funds are only accessible to the intended recipient.
What does cheque mean in french?
a bank cheque (UK) (check)(US)
What is the difference between a crossed cheque and account payee's cheque?
They both mean the same
What is the mean of check book balance?
Cheque book balance means bank balance as per cheque book
What does post-dating a cheque mean?
It means, issuing a cheque that has a date that is past today's date. Let us say you issue a cheque today, May 28th 2009 and mark the cheque date as June 10th 2009, it means you have issued a post dated cheque.
What does non negotiable mean on a cheque?
It means that the value of the cheque is fixed and it cannot be negotiated or changed. The amount entered in the cheque is the exact amount anyone who deposits this cheque will get. Not a rupee more and not a rupee less. That is why Cheques are called non-negotiable instruments.
What does it mean when you ''stop'' a cheque?
When you "stop" a cheque, it means you instruct your bank to cancel a specific cheque that you have issued, preventing it from being cashed or deposited. This action is typically taken if the cheque is lost, stolen, or if there's a dispute regarding the payment. Stopping a cheque may involve a fee and usually requires you to provide details such as the cheque number and amount to the bank.
What does it mean when a cheque bounces?
When the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder. The beneficiary of the cheque will have not been paid. This normally incurs a fee from the bank.
What does csq mean on a mini bank statement?
Cash or Cheque
What does CHQ mean on a bank statement?
cheque head quartres
What does CLG mean on a bank statement?
Cheque deposited and cleared
What does CUI abbreviated on a bank statement mean?
CUI means Centralised Unpaid Item and normally relates to a cheque if the sender has cancelled the cheque.
What does CA mean on a personal cheque?
On a personal cheque, "CA" typically stands for "cash amount." It indicates the amount of money the cheque is written for, which can be cashed or deposited by the recipient. In some contexts, "CA" may also refer to "California" if the cheque is issued from that state, but in financial terms, it primarily relates to the cash value of the cheque.
