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Revision as of 17:49, 31 October 2017 by John Grout (Talk | contribs) (See also: Amended to add 'post-dated cheque' and provide the alternative spelling 'payer' for payor)

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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.

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