ANZ

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The category contains the following sections:

    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



    Cheque

    An unconditional order in writing to a bank or other cheque-issuing institution by its customer, requesting the issuer to pay a specific sum to a specified person or business entity (although a cheque made out to 'cash' or 'bearer' can be exchanged for cash by whoever hands it to the issuer, bank or other institution for payment). A cheque becomes 'stale' if not negotiated within fifteen months of being issued and may be rejected by a bank or other issuer.

    See also: cheque account, Cheques and Payment Orders Act.

    Important notice