Cheque

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.

Cheques are widely used for settling debts and withdrawing money from banks.

See also

• Bank cheque
• Cash letter
• Cheque clearing
• Cheque truncation
• Clearing float
• Country items
• Draft
• Drawee bank
• Drawer
• Mail float
• Money order
• Payee
• Payor