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A CDC cheque, or a "Cheque Deposited at Collection," is a type of financial instrument used in banking. It signifies that a cheque has been deposited into a bank account but is still pending clearance and has not yet been fully processed. The funds may not be available for withdrawal until the cheque has cleared, ensuring that the issuing bank honors it. This term is commonly used in the context of managing cash flow and risk in banking transactions.
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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
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 meaning of cheque discounting?
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
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
What are the payment terms L C or PDC or CDC?
LC - letter of credit PDC - post dated cheque CDC - current dated cheque
