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  4. Chequebook

Chequebook

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  • PussyCatundefined Offline
    PussyCatundefined Offline
    PussyCat
    wrote on last edited by
    #1

    A book of printed cheques ready for use.

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    • Welington Minaundefined Offline
      Welington Minaundefined Offline
      Welington Mina
      wrote on last edited by
      #2

      a book issued to holders of checking accounts

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      • AliceAstesundefined Offline
        AliceAstesundefined Offline
        AliceAstes
        wrote on last edited by
        #3

        A folder containing preprinted cheques for use by the holder of a bank account

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        • LindaArritundefined Offline
          LindaArritundefined Offline
          LindaArrit
          wrote on last edited by
          #4

          A cheque, or check (American English; see spelling differences), is a document that orders a bank (or credit union) to pay a specific amount of money from a persons account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay the amount of money stated to the payee.
          Although forms of cheques have been in use since ancient times and at least since the 9th century, they became a highly popular non-cash method for making payments during the 20th century and usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked in or around the early 1990s. Since then cheque usage has fallen, being partly replaced by electronic payment systems, such as debit cards and credit cards. In an increasing number of countries cheques have either become a marginal payment system or have been completely phased out.

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          • Urooj.Zafarundefined Offline
            Urooj.Zafarundefined Offline
            Urooj.Zafar
            wrote on last edited by
            #5

            A chequebook is a book containing pre-printed paper instruments issued to an account holder by a bank or building society. Each piece, called a cheque, can be filled out to instruct the bank to pay a certain amount of money from the account holders account to another person or organization. The account holder signs the cheque before handing it over to the payee.

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