- payable to payee only
- method of writing a check so it may only be cashed or deposited by the person it was written to and cannot be transferred to someone else
English contemporary dictionary. 2014.
English contemporary dictionary. 2014.
payable to order — n. To be paid only to a specific payee. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 … Law dictionary
fictitious payee — A fictitious person, as where the name is feigned or pretended or where a name is inserted as payee without any intention that payment shall be made only in conformity therewith. 11 Am J2d B & N § 128. It is well settled that an existing person… … Ballentine's law dictionary
Cheques payable to bearer — It can be cashed out by the cheque holder. A cheque made out to a named person can only be cashed by that person. The payee can endorse a cheque payable to the order of a named person and assign it to a third party … International financial encyclopaedia
Cheque — A Canadian cheque … Wikipedia
Crossing of cheques — A crossed cheque – the oblique nearly vertical lines down the center are the cross. Any cheque crossed with two parallel lines means that the cheque can only be deposited directly into an account with a bank and cannot be immediately cashed by a… … Wikipedia
Qualified domestic relations order — A Qualified domestic relations order or QDRO is a legal order subsequent to a divorce or legal separation that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. QDROs may grant … Wikipedia
cheque — A preprinted form on which instructions are given to an account provider (a bank or building society) to pay a stated sum to a named recipient. It is a common form of payment of debts of all kinds ( current account). In a crossed cheque two… … Accounting dictionary
cheque — index coupon Burton s Legal Thesaurus. William C. Burton. 2006 cheque … Law dictionary
Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… … Wikipedia
Negotiable Instruments Act, 1881 — The Negotiable Instruments Act, 1881 An Act to define and Law relating to Promissory Notes, Bills of Exchange and cheques. Citation Act No. 26 of 1881 … Wikipedia