Cheque: Difference between revisions
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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. | 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 == | == See also == | ||
* [[Bank cheque]] | * [[Bank cheque]] | ||
* [[Bill of exchange]] | |||
* [[Card]] | |||
* [[Cash letter]] | * [[Cash letter]] | ||
* [[Cheque clearing]] | * [[Cheque clearing]] | ||
* [[Cheque guarantee card]] | |||
* [[Cheque truncation]] | * [[Cheque truncation]] | ||
* [[Clearing float]] | * [[Clearing float]] | ||
| Line 13: | Line 22: | ||
* [[Drawee bank]] | * [[Drawee bank]] | ||
* [[Drawer]] | * [[Drawer]] | ||
* [[Electronic check]] (US) | |||
* [[Magnetic ink character recognition]] | |||
* [[Mail float]] | * [[Mail float]] | ||
* [[Money order]] | * [[Money order]] | ||
* [[Payee]] | * [[Payee]] | ||
* [[Payor]] | * [[Payor]] (or payer) | ||
* [[Post-dated cheque]] | |||
* [[Substitute check]] (US) | |||
* [[Transit routing number]] (US) | |||
* [[Payments and payment systems]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
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
- Bank cheque
- Bill of exchange
- Card
- Cash letter
- Cheque clearing
- Cheque guarantee card
- Cheque truncation
- Clearing float
- Country items
- Draft
- Drawee bank
- Drawer
- Electronic check (US)
- Magnetic ink character recognition
- Mail float
- Money order
- Payee
- Payor (or payer)
- Post-dated cheque
- Substitute check (US)
- Transit routing number (US)
- Payments and payment systems
