Check
A written, dated and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee. Investopedia Says:
In legal terms, a check is a bill of exchange where the drawee is a bank.
Check is spelled as "cheque" in some parts of the world. Related Terms:
Bounced Cheque
Cashier's Check
Checking Account
Demand Draft
Electronic Check
Eurocheque
Routing Transit Number - RTN
Rubber Cheque
Stop Payment
Traveler's Check |