Meaning of Check (What it is, Concept and Definition)

check is a cash payment order issued against a bank on funds deposited in the issuer's account.

A check is a debit order issued by the bank account holder, used to settle a specified payment.

The check can be made payable or paid to the bearer. A check payable is one that can only be cashed by the person who was named in the body of the check. The bearer check is the one that has not nominally received the destination, and can be cashed by any holder.

A crossed check is a check on which two diagonal lines are drawn or stamped, which means that it it cannot be deducted directly from the bank, but deposited in a checking account for later compensation.

Bounded check is a check that was issued without the corresponding bank balance in the issuer's account, which allows for its clearing. Such procedure is considered embezzlement by the penal code.

traveler check

Traveler check or traveler's check is a means of payment issued by an international banking institution and widely used by those who do not intend to use cash during their trip.

The purchase of the traveler's check is made with the same exchange rate as the day for paper money. It is a safe form of check, as the owner will be reimbursed if lost or stolen.

The traveler check is accepted in several countries around the world, it has no expiration date, and may be saved for future trips or exchanged for cash at the same institution where you were acquired.

The travelers check is available in US Dollars, Canadian Dollars, Australian Dollars, Euros and Japanese Yen.

paycheck

Paycheck is a document where the income and deductions referring to the salary of the employee hired by public or private companies are listed.

The paycheck is issued by the company, in duplicate, and must be signed by the employee, representing the payment receipt for the period worked.

In some states the paycheck is called a payslip.

See also the meaning of Endorsement.

Meaning of Zen (What It Is, Concept and Definition)

Zen is a Japanese name from the Chan tradition that originated in China and joins its origins wit...

read more

Definition of Indolent (What it is, Concept and Definition)

Indolent is an adjective or noun of two genders in the Portuguese language, used to qualify somet...

read more

Meaning of Osculo (What it is, Concept and Definition)

Kiss is a gesture of greeting between two people, expressed through a kiss which represents a sig...

read more