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 ?
The empirical results here and elsewhere suggest that reserve requirements, like those imposed on the checkable deposits in M1, can be an effective way to establish a direct link over the deposit components of the monetary aggregates.
Demand deposits and other checkable deposits have been fairly stable since the year-to-date annualized rate of 6.
You must also have a clean record and a checkable work history, going back at least 10 years or to when you left school.
The iNetVu Mobile antennas have also been adapted to be airline checkable and easily transportable.
9% increase in other checkable deposits, offsetting a 12% decline in demand deposits (24% of M1).
9859 Other checkable deposits(1) Year and month Total At banks 1998--January 1.
Male or female applicants must be over 25 with a fully checkable background.
The remainder of the increase in M1 was split between demand deposits and other checkable deposits, which account for roughly equal shares of the aggregate.