payable to payee only

payable to payee only
method of writing a check so it may only be cashed or deposited by the person it was written to and cannot be transferred to someone else

English contemporary dictionary. 2014.

Look at other dictionaries:

  • payable to order — n. To be paid only to a specific payee. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • fictitious payee — A fictitious person, as where the name is feigned or pretended or where a name is inserted as payee without any intention that payment shall be made only in conformity therewith. 11 Am J2d B & N § 128. It is well settled that an existing person… …   Ballentine's law dictionary

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  • cheque — A preprinted form on which instructions are given to an account provider (a bank or building society) to pay a stated sum to a named recipient. It is a common form of payment of debts of all kinds ( current account). In a crossed cheque two… …   Accounting dictionary

  • cheque — index coupon Burton s Legal Thesaurus. William C. Burton. 2006 cheque …   Law dictionary

  • Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… …   Wikipedia

  • Negotiable Instruments Act, 1881 — The Negotiable Instruments Act, 1881 An Act to define and Law relating to Promissory Notes, Bills of Exchange and cheques. Citation Act No. 26 of 1881 …   Wikipedia