PERSONAL CHECK Meaning and
Definition
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A personal check refers to a written instrument or document that is used as a method of payment, drawn upon an individual's personal bank account. It is typically issued by an account holder, who is also known as the drawer, to a payee or recipient, who may be an individual or an organization.
Essentially, a personal check serves as a means to transfer funds from one person's bank account to another. It includes essential information such as the drawer's name, address, bank account number, and the intended payee's name. The check also comprises the amount of money to be paid, expressed both through numerals and written words.
To utilize a personal check, the recipient must deposit or cash it at their own bank. Upon presenting the check, the funds are either withdrawn from the drawer's account or enough funds are reserved by the bank to honor the check when it will be processed.
Personal checks can be useful for various types of transactions, such as paying bills, shopping in stores, or even making donations. They offer a convenient way to make payments without requiring physical cash or credit cards. It is essential for the drawer to maintain a sufficient balance in their account to cover the amount specified on the check, as writing a check with insufficient funds can lead to penalties or even legal consequences depending on local regulations.
Common Misspellings for PERSONAL CHECK
- oersonal check
- lersonal check
- -ersonal check
- 0ersonal check
- pwrsonal check
- psrsonal check
- pdrsonal check
- prrsonal check
- p4rsonal check
- p3rsonal check
- peesonal check
- pedsonal check
- pefsonal check
- petsonal check
- pe5sonal check
- pe4sonal check
- peraonal check
- perzonal check
- perxonal check
Etymology of PERSONAL CHECK
The word "personal check" has its origins in the combined meanings of its constituent parts.
The word "personal" comes from the Latin word "personalis", which means "pertaining to a person". In English, it came to mean something that is characteristic or unique to an individual, such as personal belongings or personal identification.
The word "check" has a more complex etymology. It originated from the Old French word "eschequier" in the 12th century, which referred to the game of chess or the checkered pattern of the chessboard. Over time, the term evolved to represent various forms of keeping track, controlling, and verifying.
By the late 17th century, "check" was used in financial contexts to describe a process of verifying accounts or evaluating bills.
Similar spelling words for PERSONAL CHECK
- personal loan,
- personnel pouch,
- personal property,
- persona grata,
- personal memory,
- personalised,
- personalized,
- personal income,
- personal chattel,
- personal computer,
- personal equation,
- personal identity,
- Personal Cheque,
- personnel carrier,
- personal manner,
- personableness,
- personal effects,
- personalise,
- personality test,
- personal judgment,
- personal pronoun,
- personal expense,
- personality,
- personal estate,
- personal matters,
- personal appeal,
- personal foul,
- personal relation,
- personalize,
- personal care,
- personal business,
- personal letter.
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