Branch transit numbers are always 5 digits long and financial institution numbers are always 3 digits long. Chequebook definition at, a free online dictionary with pronunciation, synonyms and translation. Branch transit number, financial institution number, and. The cheque will bounce if your salary doesnt reach your account today. In the ussr, checkbooks are made by banks and issued by the credit institutions in which the check writer whether an organization or an individual citizen has an account. Etymological dictionaries attribute the financial meaning to come from a. Cashiers checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. If accompanied by the words not negotiable, this has the effect that the cheque cannot be negotiated, and the words account payee or account payee only mean that the cheque cannot be passed on to another. As of february 27, 2010, the federal reserve consolidated its checking processing centers into. A bank cheque is normally obtained by a bank customer by paying its face value, the point is that the person receiving the cheque has the security of knowing its payable by the bank and thus cannot bounce not so long as the. Cheque book definition of cheque book by the free dictionary.
Check a document in which the writer orders hisher bank to pay to the receiver of the check a stated amount of money. Checkbook an assembled booklet of checks, which may be used in exchange for money or in settlement of an account. In exchange for a fee, a bank issues a certified check to a person, who is very often both the payer and the payee. As of february 27, 2010, the federal reserve consolidated its checking processing centers into one processing center. Cashiers check a check drawn directly on a customers account, making the bank the primary obligor, and assuring firm that the amount will be paid. The checkbook bears the name of its owner, the number of the bank. Checkbook definition is a book containing blank checks to be drawn on a bank.
The ministry of health issued another ghana commercial bank cheque of ghs850,000 on october 19, 2011, for the final installment, which the offinsohene, once again, credited to his personal barclays bank account, instead of that of the offinso traditional council, making it a total of ghs1,850,000 million. A written order to a bank for a certain amount of funds that has been dishonored, either because such funds are not available or because the given checking account does not exist. Bearer cheque when the words or bearer printed on the cheque is not cancelled, the cheque is called a bearer cheque. The herald irelands newest millionaires stayed close to their roots upon arriving today at the. Bank bank rate policy bearer cheque clearing house commercial bank crossing current deposit drawee endorsement exchange bank order cheque over draft pass book payee power at attorney promissory note recurring deposit safe deposit savings bank scheduled bank short term deposit stale cheque travellers cheque. A cashiers check or cashiers cheque is a check guaranteed by a bank, drawn on the bank s own funds and signed by a cashier. Chequebook meaning in the cambridge english dictionary. Cheque book definition and meaning collins english. A customer can use a bank cheque to pay someone who will. Bank cheque meaning in the cambridge english dictionary.
The definition of cheque is the british spelling of the word check and refers to a written order directing a bank to pay money. A cheque book is a book of cheques which your bank gives you so that you can pay for. Definition of cheque written for english language learners from the merriamwebster learners dictionary with audio pronunciations, usage examples, and countnoncount noun labels. A cashiers check or cashiers cheque is a check guaranteed by a bank, drawn on the banks own funds and signed by a cashier. A cheque book is a book of cheques which your bank gives you so that you can pay for things by cheque. They are commonly required for real estate and brokerage transactions. Business a book containing blank checks or orders on a bank. All varieties of english use check for the many nonbankingrelated senses of the wordincluding 1 a restraint, 2 a pattern of.
Often the drawer and the drawee of a draft are the. Cheque article about cheque by the free dictionary. Demand draft drawn on a bank against its makers drawers funds, to pay the stated amount of money to the bearer or named party, on presentment demand on a stated date or after. A cheque, or check is a document that orders a bank to pay a specific amount of money from a. Just breeeathe in deeply and let go of your xenophobia on the breath out. A cheque is a written order directing a bank to pay out money, and its exactly the same thing as a check, but with more exciting letters. But cheque is confined to this very narrow bankingrelated sense. In american english, check is the standard spelling of the noun referring to a written order for a bank to pay a specified amount from deposited funds. The bank on which the cheque is drawn or who is directed to pay the specified sum written on the cheque payee. Certified check a check whose payment is guaranteed by a bank. A check payable by, at, or through a bank in the same check processing region as the location of the branch of the depository bank. Cheque book synonyms, cheque book pronunciation, cheque book translation, english dictionary definition of cheque book. Chequebook definition in the cambridge english dictionary.
Definitions of cheque book, synonyms, antonyms, derivatives of cheque book, analogical dictionary of cheque book english. Cheque definition is chiefly british spelling of check. Checkbook definition, a book containing blank checks or orders on a bank. Chequebook article about chequebook by the free dictionary. Information and translations of chequebook in the most comprehensive dictionary definitions resource on the web. Your bank then pays the money to that person from your account. Cheque book definition and meaning collins english dictionary. Chequebook definition at, a free online dictionary with. Chequebook definition of chequebook by merriamwebster. A register that includes both deposits and withdrawals. In this case the cheque should be presented for payment by a bank rather than the person named as drawee. The depository bank is the bank into which the check was deposited. More than 250,000 words that arent in our free dictionary.
Cheque definition and meaning collins english dictionary. Chequebook definition of chequebook by the free dictionary. You must there are over 200,000 words in our free online dictionary, but you are looking for one thats only in the merriamwebster unabridged dictionary start your free trial today and get unlimited access to americas largest dictionary, with. This document can be checked against the bank statement to see if the transactions are correct. The person writing the cheque, known as the drawer, has a transaction banking account often called a current, cheque, chequing or checking account where their money is held. A check is a written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of. Chequebook definition and meaning collins english dictionary. Often the drawer and the drawee of a draft are the same person click the link for more information. Definition of a cheque as per the national provincial bank circa 1968 was. A cheque is a printed form on which you write an amount of money and who it is to be paid. The branch transit number, financial institution number, and bank account number are located at the bottom edge of your cheque. Bank cheque legal definition of bank cheque legal dictionary.