personal cheque
Definition
Noun: A personal cheque is a written order from an individual to their bank, instructing it to pay a specific amount of money from that individual's personal checking account to the person or entity named on the cheque.
Usage
A personal cheque is used as a method of payment directly from one's personal bank funds. It is distinct from other types of cheques, such as cashier's cheques or business cheques, as it is linked to a personal, not a business, account. - The payer must have sufficient funds in their account for the cheque to be valid. - It typically requires the payer's signature to be authorized.
Examples
Advanced Usage
- "To write someone a personal cheque": To issue a payment to someone using this method.
- He wrote me a personal cheque for the consulting work.
- "To accept personal cheques": A policy where a business or individual will take this form of payment.
- The small store no longer accepts personal cheques due to past fraud.
Variants and Related Words
- Check (Noun): The American English spelling of "cheque".
- Personal check (Noun): The American English spelling variant of "personal cheque".
- Chequebook (Noun): A booklet containing pre-printed personal cheques.
- Bank cheque / Cashier's cheque (Noun): A cheque issued and guaranteed by a bank, drawn on the bank's own funds, not a personal account.
Synonyms
- Personal bank draft (though this can sometimes imply a more formal bank-issued instrument)
- Individual cheque
Antonyms / Contrasting Terms
- Cashier's cheque / Bank draft: A cheque guaranteed by a bank.
- Business cheque / Commercial cheque: A cheque drawn on a company's business account.
- Electronic transfer / Wire transfer: A digital fund transfer, not a paper cheque.
Related Phrases
- "To bounce a cheque": When a personal cheque cannot be processed due to insufficient funds in the account.
- His personal cheque bounced, resulting in a fee from the bank.
- "To stop payment on a cheque": To instruct your bank not to honor a specific cheque you have written.
- After the dispute, she had to stop payment on the personal cheque.
Noun
-
a check drawn against funds deposited in your personal checking account
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