Check or Cheque definition:
A form of bill of exchange where the order to pay is given to a bank which is holding the payor's money.
Related Terms: Bill of Exchange ...
Cheques and other cash items (including ex-
changes for clearing-house).. .
1,549,571 ...
Check or cheque
A form of bill of exchange where the order to pay is given to a bank which is holding the payor's money.
What is a bearers cheque? Read answer...
Paul Bearer really die? Read answer...
Are toucans bearers or egg layers? Read answer...
On an ordinary cheque, the name preceded by the words "pay to the order of" identifies the payee.
Payor: Person who makes a payment on a cheque or bill of exchange.
In the law of taxation it refers to any contribution in cash or cheque to a non profit organisation which has been qualified to receive charity. Such organisation can be religious, artistic, acedamic, scientific, charity etc.
Bill of Exchange:
A legal document, such as a cheque, where one person in writing specifies that a third party will pay a person a specific sum of money at a specific time, or upon demand.
Remember, your opponent will not be sending you a cheque directly, payment will be made to your solicitor (the same as selling a house) and he will issue you the remaining balance once his fees have been taken.
dishonor
v. to refuse to pay the face amount of a cheque or the amount due on a promissory note ...
 See also: Law, Will, Order, Were, Person
  
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