payee only check


payee only check
check that cannot be transferred to someone else

English contemporary dictionary. 2014.

Look at other dictionaries:

  • 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

  • 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

  • Check kiting — is the illegal act of taking advantage of the float to make use of non existent funds in a checking or other bank account; it is a form of check fraud. It is commonly defined as intentionally writing a check for a value greater than the account… …   Wikipedia

  • payee processing float — Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits from the extra time its investments earn interest …   Financial and business terms

  • payment of check — The act of the drawee bank in handing over money, in the amount in which the check is drawn, to the payee or indorsee, or in giving the payee or indorsee something in lieu of cash, often a credit in his account at the bank in the amount of the… …   Ballentine's law dictionary

  • Certified check — A certified check or certified cheque is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside in the bank s… …   Wikipedia

  • postdated check — A check that is dated in the future, so it cannot be cashed until that date. Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009. postdated check …   Law dictionary

  • Cheque — A Canadian cheque …   Wikipedia

  • 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