This Question Is Answered:
 What is a cheque and what are its types?
 27 Jun 2007 11:30
 Flag
 A cheque is defined as Bill of Exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. In other words, it is a Bill of Exchange drawn on a banker which is payable on demand.
Cheques are of various types that are as follws they are:
1 bearer cheque: it is a cheque which is either expressed to be so payable or on which the last or only endorsement is an endorsement in blank.

2 Order cheque: it is a cheque which is expressed to be so payable or which is expressed to be payale to particualar person, without containing words prohibiting transfer or indicating that it is not transferable
3 Open cheque: it is a cheque, which can be presented to the banker on whom they are drawn and paid by them over counter. There be3ing always a great danger of such cheques being stolen or lost the commercial community invested the method crossing cheques
4 crossed cheque: it is chaque, which can not be cashed at the counter, but which can be collected only y a bank from the drawer bank. Crossing may be of two types:
(A) general crossing
(B) special crossing
Unrated

0 ratings
by   kahfi
  27 Jun 2007 12:44
 Flag

1000 words left

    


Blurtit Tools:  Email to a Friend    Bookmark this page
What Does Okmulgee Mean?
What is chi?
What does dentate mean?
What does gunwale mean?
What does polyphemus
mean?
What does literal mean?
I Need An Example Of A
Character Reference
Letter As Soon As
Possible. Can You Help...
Can Someone Write Me A
Heroic Couplet Poem?
I Am Trying To Remember A
Fairy Tale That I Read
Many Years Ago. I
Remember Someone...
What was a “Novel of
Sensation”?
My Blurtit
My Profile
My Questions
My Answers
Blurtit Features
Ask a Question
Answer a Question
Search an Answer
Categories
Tools
Link to Blurtit
Add Blurtit to Firefox
Search Engine
See Your Site Here
Link to Blurtit
RSS
Blurtit.com
About Us
Terms & Conditions
Privacy Policy
Contact Us
Advertise With Us
Help
International
 Chinese Site
 Japanese Site
To continue you need to be registered with us first.

I am already a Blurter, and need to login
I am not a Blurter yet, but would like to register