Cheque

From ACT Wiki
Revision as of 13:49, 18 August 2021 by imported>Doug Williamson (Add category.)
Jump to navigationJump to search

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