How Do You Spell COUNTERFOIL?

1. A counterfoil refers to a detachable part of a document that serves as a proof of payment or receipt. It is typically found at the bottom or side of a cheque, ticket, or any similar document. The primary purpose of a counterfoil is to provide a record of the transaction or payment made, both for the payer and the payee.

   In terms of financial transactions, a counterfoil acts as a duplicate or mirror image of the original document. It contains essential information such as the reference number, date of payment, amount, and any other relevant details. This detached piece of the document remains with the individual or organization that issued it, while the other part is retained by the recipient or bank.

   Counterfoils are commonly used as a means of reconciliation, enabling the payer to cross-reference the details on their bank statement with the counterfoil to ensure accuracy and transparency in financial records. Furthermore, they serve as proof of payment, offering legal protection and evidence in case of any disputes or audits.

   Beyond financial contexts, counterfoils can also be found on admission tickets, postal receipts, or any other form requiring verification or validation. They are an important component in administrative procedures, maintaining an accurate record of transactions for both parties involved.

2. The corresponding part of a tally or check.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for COUNTERFOIL

The word "counterfoil" has its origins in Middle English, specifically in the 15th century. It is derived from two separate words: "counter" and "foil".

The term "counter" is derived from the Old French word "contre", meaning "against" or "opposite". It then passed into Middle English with a similar meaning, often used to indicate a contrarian or opposing element.

The word "foil", on the other hand, originated from the Old French word "foille", meaning "leaf" or "sheet". It was used in the context of thin metal sheets being used as coverings or decorations, which eventually evolved to indicate a leaf-like structure in general.

When the two words were combined in Middle English, "counter" and "foil" formed "counterfoil", referring to a sheet or leaf that stands opposite to another sheet in a document or bookkeeping system.

Similar spelling words for COUNTERFOIL

Plural form of COUNTERFOIL is COUNTERFOILS