I went to an accounting college where I studied finance, economics, law, etc., everything related to business, so cheques were very present. Therefore, if you are looking to know what is a cheques then you are in the right place. Here I will explain everything related to it.

Let's start!


What is a cheques?

If I have to define what is a cheques then I will say that the cheque is the instrument through which the owner of a bank account can dispose of the resources that he has in it or the overdraft quota that the bank has granted.

In addition, the cheque stands as a security for the beneficiary or bearer thereof, which, by containing an unconditional payment order, can make it effective before the drawee bank.

Being security, the exchange action proceeds when it is not possible to collect the cheque, an action that is directed against the drawer and not against the drawee bank.

Loading full article...