what is cheque?

Question

define cheque

Answer 1

Same as check.

A cheque or check, is a negotiable instrument[1] instructing a financial institution to pay a specific amount of a specific currency from a specific demand account held in the maker/depositor's name with that institution. Both the maker and payee may be natural persons or legal entities.

Answer 2

Any bank's legal instrument, a cheque would bea cheque, a tautology, but checques are issued in what is known as a cheque - book.Used for withdrawls from account, either by self or the bearer and a negotiable instrument under the requisite legal act.The body of the cheque should be filled before delivery. Cheques are used as an instrument to transfer monies to any other bank account after clearance.Cheques can be drawn,as reciepts for drawing of Bills of exchange, remittences and loan accounts.. Cheques are also digitized for the convieniance in clearing houses.They imprint the account number and type of account and the branch name of the said bank.. It differs from currency notes in the sense that it is not an instrument that is a legal tender for all debts, public and private.Cheques may be dishonoured due to fraud in case of either insufficiant funds,overwriting/tampering of the amount or forged signature and the drawer is liable to penalties, both civil and criminal.
`Where is my chequebook?' is a much more common querry.

Answer 3

Cheque is order to bank to pay money to holder of cheque.

Answer 4

Cheque is the piece of paper use to make the transaction of money through bank and allow/ permit to bearer to encash the same.

Answer 5

cheque is currency note acceted by bank

Answer 6

It can have many meanings, depending on how it is use in a sentence, best look up in good dictionary.

Too much to key in in this forum.

Answer 7

I agree with Fancychef

Answer 8

it is a signed, written instruction you give to your bank to pay money out of your account.

Answer 9

Its a check