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.
References in periodicals archive ?
Deposits were differentiated along two dimensions, time or checkable deposits and deposits from Chettiars or non-Chettiars.
By protecting depositors, federal deposit guarantees would prevent runs and provide for the stability of the payments system because demand deposits had become an increasingly important part of the narrow money supply--that is, money held largely for transactions purposes--the equivalent of Ml (coin and currency, checkable deposits, and travelers checks) today.
Some assets, including currency and checkable bank deposits, are innately medium of exchange--that is, usable in the purchase and sale of goods and services--while others cannot be used until converted to medium of exchange.
For example, a (signed) check essentially serves as a "standardized permit" that authorizes the recipient to claim a certain amount of checkable deposits from the check writer's bank account, but the check itself does not signify any part of the writer's assets.
Checkable factors to be considered in evaluating military work history include length of service, progression in rank, awards and nature of service (honorable, bad conduct, dishonorable).
A derivation in a given system is mechanically checkable by algorithms, and ".
One explanation for why the relationship between money demand and interest rates might have changed is that the assets included in M1 (currency and checkable deposits) no longer capture households' transactions balances accurately.
Journalism, until the advent of the Internet, was not a footnote medium, and while the great glory of blogging is the links that make it possible to trace any assertion of fact to a checkable source, these are also a distraction to thinking, and a goad towards the quick conclusion.
The clients can be assured of value for money in that we will only employ and place drivers that pass all the criteria including a tachograph test, geographical test, checkable work history, employment references and eligibility to work.
In the United States, the level of liquidity (currency circulating outside banks plus checkable deposits) is controlled by the Federal Reserve, but its distribution into currency and checkable deposits is determined by the habits and desires of the public.
In a sweep program, banks move a portion of funds from customer demand deposits (DDs) or other checkable deposits (OCDs) into instruments with zero statutory reserve requirements.
Replace it with something like 'state', 'explain' or 'describe', because they are checkable and the trainee will need to have absorbed the knowledge in order to meet the objective.