An instruction printed on a cheque that makes it non-transferable, ensuring that the cheque can only be deposited into the account of the individual or entity named on the cheque, adding an additional layer of security.
A preprinted paper slip used to pay cash or cheques into a specified bank account. It is commonly found at the back of chequebooks and utility bills.
A blank cheque is a negotiable instrument with the amount left unspecified by the drawer. It can be used when the drawer wishes to permit the bearer to fill in the amount of money they choose up to an authorized limit.
Currency refers to various forms of money that are in circulation within an economy, serving as a medium of exchange for goods and services.
Understanding the role of the drawee in financial transactions, including bill of exchange, cheques, and bank drafts.
In accounting and finance, 'float' refers to various concepts including delayed money processing, publicly held stock proportions, contingency fund allocation, and processes related to financial transactions and securities.
A negotiable instrument is a document of title that can be freely transferred from one party to another, allowing for the facilitation of trade and commerce.
In the UK, a sequence of numbers on a cheque, bank giro credit, or bank card that serves to identify the branch holding the account. The US equivalent is the routing number.
