bank check
Definition
Noun: 1. A written order directing a bank to pay a specified sum of money from the drawer's account to a named person or entity (the payee): A formal, negotiable financial instrument that authorizes the transfer of funds.
Usage
A bank check is used as a secure method of payment instead of cash. The person writing the check (the drawer) must have sufficient funds in their bank account for the check to be valid. The recipient deposits or cashes the check to receive the money.
Examples
Advanced Usage
- Certified Check: A bank check for which the bank verifies and sets aside the funds from the drawer's account, guaranteeing its payment.
- Cashier's Check: A bank check drawn directly on the bank's own funds, purchased by a customer, and considered very secure.
Variants and Related Words
- Check (noun): The more common, shortened form of "bank check".
- Cheque (noun): The standard British English spelling.
Synonyms
- Draft
- Negotiable instrument
Related Phrases
- To write a check: To fill out and sign a bank check for payment.
- She wrote a check for the charity donation.
- To bounce a check: Informal phrase meaning a check is returned unpaid due to insufficient funds in the drawer's account.
- The check bounced because his account was overdrawn.
Noun
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a written order directing a bank to pay money
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he paid all his bills by check
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