check :: legal definition
Check - n. a draft upon a particular account in a bank, in which the drawer or maker (the person who has the account and signs the check) directs the bank to pay a certain amount to the payee (which may include the drawer, "cash," or someone else). Other checks include cashier's checks issued by the bank for a sum paid to the bank, and certified checks in which the bank sets aside an amount from the maker's bank account and then guarantees the check can be cashed immediately.
See also: cashier's check certified check negotiable instrument and Related Law Terms ↓
Related Law Terms
bank :: n. 1) an officially chartered institution empowere ... erred to as "in bank" or "en banc."cashier's check :: n. a check issued by a bank on its own account for ... ansfers, tax payments and the like.
certified check :: n. a check issued by a bank which certifies that t ... "clears." See also: cashier's check
draft :: 1) n. a bill of exchange or check in which one par ... s. See also: bill of exchange check
interest :: n. 1) any and all, partial or total right to prope ... nal property real property standing
postdated check :: n. a check delivered now with a written date in th ... livery of a bad check was criminal.
power of attorney :: n. a written document signed by a person giving an ... y, as in a real estate transaction.
prima facie :: : (pry-mah fay-shah) adj. Latin for "at first look ... t" case. See also: prima facie case
survivorship :: n. the right to receive full title or ownership du ... onvenience. See also: joint tenancy
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cancel :: v. to cross out, annul, destroy, void and/or resci ... g, so that it cannot be used again.
cancellation :: cancel ... cancel
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canon law :: n. laws and regulations over ecclesiastical (churc ... nduct with no religious connection.
cap :: n. slang for maximum, as the most interest that ca ... "adjustable rate" promissory note.
capital :: 1) n. from Latin for caput, meaning "head," the ba ... count capital assets stock in trade
capital account :: n. the record which lists all basic assets of a bu ... or the alleged value of good will.
capital assets :: n. equipment, property, and funds owned by a busin ... . See also: capital capital account
capital expenditure :: n. payment by a business for basic assets such as ... y intended to improve productivity.
capital gains :: n. the difference between the sales price and the ... so: basis delayed exchange exchange
capital investment :: capital expenditure ... capital expenditure
capital offense :: n. any criminal charge which is punishable by the ... . See also: bail capital punishment
capital punishment :: n. execution (death) for a capital offense. The U. ... or death. See also: capital offense
capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock
capitalization :: n. 1) the act of counting anticipated earnings and ... for conversion into capital assets.