check
A negotiable instrument drawn against deposited funds, to pay a specified amount of money to a specific person upon demand. Examples include bills of exchange and drafts.
Related Terms
Mentioned in these terms
Related Terms on BusinessDictionary
check kiting
collection float
overdraft protection
holder in due course
imposter rule
understay
non-negotiable instrument
value date
manager's check
cross-firing
money market account (MMA)
checks and balances
clearing cycle
official check
open check
company name
overdraft
documentary evidence
drawdown
payment system
presenting bank
activity charge
primary reserves
self test
equated monthly installments (EMI)
stale dated check
banker's lien
fictitious payee rule
transactions motive
treasurer's check
bearer draft
uncleared effects
bank reconciliation
collection float
overdraft protection
holder in due course
imposter rule
understay
non-negotiable instrument
value date
manager's check
cross-firing
money market account (MMA)
checks and balances
clearing cycle
official check
open check
company name
overdraft
documentary evidence
drawdown
payment system
presenting bank
activity charge
primary reserves
self test
equated monthly installments (EMI)
stale dated check
banker's lien
fictitious payee rule
transactions motive
treasurer's check
bearer draft
uncleared effects
bank reconciliation
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