Difference between revisions of "Check (finances)"

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m (DavidB4 moved page Check to Check (finances): name was too general)
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A '''check''' is a slip of paper that requires a bank to pay a person a specifically allotted amount of money from another [[checking account]]. There are several kinds of checks, including personal, bearer, certified, cashier's, and travelers checks.<ref>http://www.ehow.com/list_7174994_different-types-checks_.html</ref>  The institution is required to pay the person that specific amount of money in a specific currency. An alternative to paper checks is a [[debit card]].
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A '''check''' is a slip of paper that requires a bank to pay a person a specifically allotted amount of money from another person's [[checking account]]. The institution is required to pay the person that specific amount of money in a specific currency. An alternative to paper checks is a [[debit card]].
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[[Category:Finance‏‎]]

Revision as of 13:22, June 20, 2016

A check is a slip of paper that requires a bank to pay a person a specifically allotted amount of money from another checking account. There are several kinds of checks, including personal, bearer, certified, cashier's, and travelers checks.[1] The institution is required to pay the person that specific amount of money in a specific currency. An alternative to paper checks is a debit card.