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Check |
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Check A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party. Check A document in which the writer orders his/her bank to pay to the receiver of the check a stated amount of money. For example, Joe may write Andrew a check for $10. In doing so, Joe is signing a document stating that he wishes to give Andrew $10, that it is available in Joe's bank, and Andrew can receive it from there. Andrew can either go to Joe's bank, present the check, and collect $10, or he may go to his own bank to deposit the check into his own account. In that case, Andrew's bank contacts Joe's bank and collects the $10 that way. Checks can be for any amount. See also: Check hold. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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If you live near a Trader Joe's, check out its delicious Caprese Log, our only Best Bite fresh mozzarella (unripened cheese that comes packaged in whey or water). Before you rush out and spend $10 on a 24-ounce bottle of Rao's Homemade Arrabiatta (it's heavenly, by the way), check out our "Five Pasta Sauce Surprises. This service will expedite the check out process, provide consumers with greater flexibility, and could reduce check processing costs for banks and merchants. |
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