CHECKINGS Meaning and
Definition
-
Checkings is a financial account maintained by an individual or an organization at a bank or credit union. It is designed to allow regular transactions such as deposits, withdrawals, and payments using checks or electronic means. Often referred to as a checking account or current account, it is a widely used type of account for personal and business purposes.
Checkings accounts are commonly used for day-to-day financial transactions, allowing individuals and organizations to easily access their funds and manage their money. These accounts typically offer features such as checkbooks, debit cards, and online banking, giving account holders convenient ways to make purchases, pay bills, and transfer money.
One of the key features of a checkings account is its ability to issue checks. These checks are written orders to the bank to pay a specific amount of money to the recipient named on the check. This provides a secure and widely accepted method of making payments. Additionally, checkings accounts often offer overdraft protection, which allows the account holder to temporarily spend more money than is available in the account, up to a certain limit.
Overall, checkings accounts serve as a hub for everyday financial operations, providing individuals and organizations with a convenient and accessible way to manage their funds and handle various transactions.
Common Misspellings for CHECKINGS
- xheckings
- vheckings
- fheckings
- dheckings
- cgeckings
- cbeckings
- cneckings
- cjeckings
- cueckings
- cyeckings
- chwckings
- chsckings
- chdckings
- chrckings
- ch4ckings
- ch3ckings
- chexkings
- chevkings
- chefkings
- chedkings
Etymology of CHECKINGS
The word "checkings" is derived from the verb "to check". "Check" originally came from the Old French word "eschec", which meant a chess move that placed an opponent's king under attack. This Old French term was derived from the Arabic word "shāh", which also means "king" in chess. Over time, "check" came to acquire the meaning of verifying or investigating, which led to the formation of the noun "checking". In the realm of banking, "checkings" or "checking account" refers to an account where one can deposit and withdraw money, and the term likely originated from the notion of verifying or keeping a record of financial transactions.
