Con Math Flashcards
payable to whoever is the holder and the payee is not named example if the check is payable to “CASH”
Bearer check
check payable to drawer himself
Self-check
check not need to bring in money while in transitu and like self-check, it is payable to the name of the drawer or issuer himself
travelers check
contains two parallel lines in which the payee’s name is found and could not be presented for payment other than the person whose name is written within the parallel lines
crossed check
guaranteed by the bank like manager’s, cashiers’s or treasurer’s check,
official or banker’s check
it is like the official or banker’s check it is also guaranteed by the drawee bank
certified check
check found in computer in electronic format with the same legal implications
electronic check
usually practiced in the postal service, and once the money order is received by the intended recipient or payee, he can have it exchanged for cash
money order
checks issued on particular date but date found in check itself could be prior to or after the date of actual issuance
ante/post-dated checks
stale or mutilated which the bank may dishonor or ask for reconfirmation
defective check
seen on tv carried by person who won lottery. person will receive the actual cash represented by the check.
giant check
