Networks of banks that exchange checks with one another.
Money (funds) paid out.
Bank or facility on which a check is drawn or written.
electronic banking via computer modem or over the internet
Person who signs his or her name on the back of a check for the purpose of transferring title to another person.
person presents a check for payment
banking through the use of wireless devices, such as cellular phones and wireless internet services
In reference to a check, any individual, corporation, or legal party who signs a check or any type of negotiable instrument.
legally transferable to the ownership of another party
person named on a draft or check as the recipient of the amount shown
persons who writes a check in favor of the payee
power of attorney
A legal statement in which a person authorizes another person to act as his or her attorney or agent. The authority may be limited to the handling of specfic procedures. The person authorized to act as the agent is known as the attorney in fact.
a capital sum of money due as a debt or used as a fund for which interest is either charged or paid
The process of proving that a bank statement and checkbook balance are in agreement.
uniform commercial code (UCC)
a unified set of rules covering many business transaction; it has been adopted in all 50 states, the district of Columbia, and most U.S. territories. it regulates the fields of sales of goods; commercial paper, such as check; secured transactions in personal property; and particular aspects of banking, letters of credit, warehouse receipts, bills of lading, and investment securities.