CHEQUE BOOKS Meaning and
Definition
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A cheque book is a physical booklet or register provided by a bank to its customers to facilitate the issuance of cheques. It is an instrument used for payment or the transfer of funds from one person or entity to another. Cheque books primarily serve as a convenient and widely accepted method to make payments securely.
Typically, a cheque book contains a number of blank cheques, each consisting of predetermined informational fields. These fields include the name of the account holder, the date, the name of the payee (the recipient of the funds), the amount to be paid, and the account holder's signature. To make a payment, the account holder writes the appropriate information in the designated fields and signs the cheque.
When the payee deposits the cheque, their bank verifies the account holder's signature and ensures sufficient funds are available in the account. Once confirmed, the funds are transferred from the account holder's bank to the payee's bank. Modern cheque books often include features such as carbon copies or duplicate cheque leaves for record-keeping purposes.
Cheque books are typically issued by banks to their account holders upon request, subject to certain eligibility criteria and maintain a record of the funds disbursed through cheques. They are widely used for various financial transactions such as paying bills, making purchases, or transfer of funds between accounts. However, with the advent of digital banking, the use of cheque books has declined in some regions, with electronic payment methods becoming more prevalent.
Common Misspellings for CHEQUE BOOKS
- xheque books
- vheque books
- fheque books
- dheque books
- cgeque books
- cbeque books
- cneque books
- cjeque books
- cueque books
- cyeque books
- chwque books
- chsque books
- chdque books
- chrque books
- ch4que books
- ch3que books
- che1ue books
- che2ue books
- chewue books
- cheaue books
Etymology of CHEQUE BOOKS
The term "cheque book" originated from the combination of two separate words: "cheque" and "book".
The word "cheque" comes from the Middle French term "cheque" or "eschec", which means a "check" or "a draft on a bank". In turn, the French word traces its roots back to the Arabic word "šakk", which means a "note", "bill", or "check".
The word "book" originated from Old English "bōc", which referred to a written document or a collection of written pages. It is derived from the Proto-Germanic word "bōks", which also meant "book".
By combining these two words, "cheque" and "book", the term "cheque book" came into existence, referring to a book or booklet containing a collection of blank cheques, which people would use to issue payments from their bank accounts.
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