Cheque: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
(Add link.)
(Add link.)
 
Line 12: Line 12:
* [[Bank cheque]]
* [[Bank cheque]]
* [[Bill of exchange]]
* [[Bill of exchange]]
* [[Card]]
* [[Cash letter]]
* [[Cash letter]]
* [[Cheque clearing]]
* [[Cheque clearing]]

Latest revision as of 05:25, 6 November 2023

A written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer.

Historically, cheques have been very widely used for settling debts and withdrawing money from banks.

Their use has been declining as they are replaced by electronic and card payments.


Note: US spelling of cheque is "check".


See also