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What is cheque?

Updated: 9/14/2023
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βˆ™ 12y ago

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A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the cheque (provided the account has sufficient balance) from the bank where the cheque issuer holds his account.

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βˆ™ 12y ago
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Q: What is cheque?
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Related questions

How do you check a cheque?

To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.


Difference between order cheque bearer cheque?

A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque


Is the correct grammar a cheque of or a cheque for?

cheque of is a right grammar!


Is a cheque also called a cheque leaf?

Yes. A Single cheque is also called a cheque leaf


When does a cheque bounce?

When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.


What is cheque leaf?

Cheque Leaf means s singhal cheque of your chequebook.


What is a CAS cheque?

cas cheque


What is honoured cheque?

honoured cheque


What is a copy of a cheque called?

duplicate cheque


Can a cheque be cashed before date on cheque?

No. A cheque can be cashed only on or after the date mentioned on it


What is a countermanded cheque?

conutermanded cheque is the cheque which has been stoped payment....for some reasons


Differences between cross and open cheque?

A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties