CHECKING Meaning and
Definition
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Checking is a financial term that refers to the process of reviewing, inspecting, or examining a bank account to verify its accuracy and ensure proper management and control of funds. It is essentially a banking service where individuals or businesses hold their money in a checking account, also known as a current account or transaction account.
In a checking account, customers have easy access to their funds, which can be utilized through various methods such as writing checks, using debit cards, or making electronic transfers. These accounts are typically set up with commercial banks, credit unions, or other financial institutions.
Checking accounts serve several purposes – they offer a secure location for individuals to store their money, provide a means to make payments to other parties, and facilitate safe and efficient transactions. Account holders can use checks to pay bills or make purchases, withdraw cash from ATMs, or transfer money electronically to other accounts.
Furthermore, checking accounts often enable customers to earn interest on the deposited funds, though at generally lower rates compared to savings accounts. The account holder has the responsibility of regularly monitoring their checking account balance, ensuring sufficient funds are available to cover payments and avoid overdraft fees.
In summary, checking is a banking service that permit individuals or businesses to conveniently manage and access their money for various financial transactions such as bill payments, purchases, and fund transfers while ensuring the proper monitoring and control of account balances.
Top Common Misspellings for CHECKING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for CHECKING
Etymology of CHECKING
The word "checking" has its origins in the Old French word "eschequier", which referred to the game of chess. "Eschequier" came from the Persian word "shah", meaning "king", and "shah mat", meaning "the king is defeated". The game of chess involved strategically attacking the opponent's king, and when the king was in a vulnerable position, it was called "echec" or "check". Over time, "check" took on a broader meaning of examining, investigating, or stopping something, eventually leading to the development of the term "checking" as we use it today.
Similar spelling words for CHECKING
Conjugate verb Checking
CONDITIONAL
I
would check
we
would check
you
would check
he/she/it
would check
they
would check
FUTURE
I
will check
we
will check
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will check
he/she/it
will check
they
will check
FUTURE PERFECT
I
will have checked
we
will have checked
you
will have checked
he/she/it
will have checked
they
will have checked
PAST
I
checked
we
checked
you
checked
he/she/it
checked
they
checked
PAST PERFECT
I
had checked
we
had checked
you
had checked
he/she/it
had checked
they
had checked
PRESENT
I
check
we
check
you
check
he/she/it
checks
they
check
PRESENT PERFECT
I
have checked
we
have checked
you
have checked
he/she/it
has checked
they
have checked
I
am checking
we
are checking
you
are checking
he/she/it
is checking
they
are checking
I
was checking
we
were checking
you
were checking
he/she/it
was checking
they
were checking
I
will be checking
we
will be checking
you
will be checking
he/she/it
will be checking
they
will be checking
I
have been checking
we
have been checking
you
have been checking
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have been checking
I
had been checking
we
had been checking
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had been checking
he/she/it
had been checking
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had been checking
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will have been checking
we
will have been checking
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will have been checking
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will have been checking
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will have been checking
I
would have checked
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would have checked
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would have checked
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would have checked
I
would be checking
we
would be checking
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he/she/it
would be checking
they
would be checking
I
would have been checking
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would have been checking
you
would have been checking
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they
would have been checking
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