Cheque

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Revision as of 16:16, 29 November 2014 by imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems)
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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.

Note: US spelling of cheque is "check".


See also