Do you know what is a cheques? In this post we are going to learn everything that you should know about cheques, the definition, and all types of cheques.

A check is a major negotiable instrument that may be delivered by hand alone. Payments may be made securely and conveniently using checks. It is less dangerous and there is less chance of losing money.

Cheques are the backbone of the banking industry and is still a very important negotiable instrument. Stay with me and lets find out what is a cheques: Definition and Types of Cheques.

What is a cheques?

Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of a certain person or to the bearer of instrument.

Types of Cheques

1. Bearer Cheque

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