2007-10-04 02:11:42 · 11 answers · asked by kayeman m 1 in Business & Finance ➔ Personal Finance
Paying for goods or for cash.
2007-10-04 02:14:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A cheque is a bill of exchange drawn on a banker and payable on demand. Before everything went electronic bills of exchange were used a lot on the financial world and maybe still are. Basically they are a sort of loan. You could you could get a bill of exchange from a financial organisation or even a private person in which they would guarantee to pay some money for you and you could use this to buy anything you wanted. the person who guaranteed the bill would pay the for the purchase and you had to pay them back in accordance with the arrangements you made. So the cheque is drawn on your bank who will hand over the money.
QED
2007-10-04 02:22:14 · answer #2 · answered by Maid Angela 7 · 0⤊ 0⤋
In order to pay for goods its another form of cash.
However do remember the following 'Do not write a cheque with your mouth especially when your account can not cover it'. I heard this saying on a TV programme the other day and thought that it was most apt
2007-10-04 02:22:53 · answer #3 · answered by Baps . 7 · 0⤊ 0⤋
A cheque is a written agreement between 2 people, which lawfully binds a money transfer . A cheque CAN be written on anything... a cow, a toilet roll anything. you need sort code, account number,your bank mane and address, date , signature and the name of the person receiving the money.
2007-10-04 02:22:50 · answer #4 · answered by galen7997 1 · 0⤊ 0⤋
Cheque is the spanish word for check.
2007-10-04 03:52:48 · answer #5 · answered by Ralph C 2 · 0⤊ 0⤋
A promissory note to be paid in four working days or more with a Post dated cheque.
2007-10-04 02:21:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's safer to send money through the post by cheque, than sending cash.
2007-10-04 02:15:51 · answer #7 · answered by Poppy 2 · 0⤊ 0⤋
A cheque is a note which promises the payee that you will exchange it for money. This is carried out on your behalf by a bank that is looking after your money.
2007-10-04 03:18:20 · answer #8 · answered by ANF 7 · 0⤊ 0⤋
Oh boy.....
Its a form of payment......
A banknote is a form of cheque
2007-10-04 02:15:05 · answer #9 · answered by south_cheshire_cat 2 · 0⤊ 0⤋
They use to be a way of paying for things.
I don't know anymore because no-one seems to accept them.
2007-10-04 02:20:04 · answer #10 · answered by Anonymous · 0⤊ 0⤋