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See also:CHEQUE, or CHECK , in commercial See also:law, a See also:bill of See also:exchange
See also:drawn on a banker and signed by the drawer, requiring the banker to pay on demand a certain sum in See also:money to or to the See also:- ORDER
- ORDER (through Fr. ordre, for earlier ordene, from Lat. ordo, ordinis, rank, service, arrangement; the ultimate source is generally taken to be the root seen in Lat. oriri, rise, arise, begin; cf. " origin ")
- ORDER, HOLY
order of a specified See also:person or to See also:bearer. In this, its most See also:modern sense, the cheque is the outcome of the growth of the banking See also:system of the 19th See also:century. For details see See also:BANKS AND BANKING: Law, and BILL OF EXCHANGE. The word check,' of which " cheque " is a variant now See also:general in See also:English usage, signified merely the counterfoil or indent of an See also:exchequer bill, or any draft See also:form of See also:payment, on which was registered the particulars of the See also:principal See also:part, as a check to alteration or See also:forgery. The
' The See also:original meaning of " check " is a move in the See also:game of See also:chess which directly attacks the See also:- KING
- KING (O. Eng. cyning, abbreviated into cyng, cing; cf. O. H. G. chun- kuning, chun- kunig, M.H.G. kiinic, kiinec, kiinc, Mod. Ger. Konig, O. Norse konungr, kongr, Swed. konung, kung)
- KING [OF OCKHAM], PETER KING, 1ST BARON (1669-1734)
- KING, CHARLES WILLIAM (1818-1888)
- KING, CLARENCE (1842–1901)
- KING, EDWARD (1612–1637)
- KING, EDWARD (1829–1910)
- KING, HENRY (1591-1669)
- KING, RUFUS (1755–1827)
- KING, THOMAS (1730–1805)
- KING, WILLIAM (1650-1729)
- KING, WILLIAM (1663–1712)
king; the word comes through the Old Fr. eschec, eschac, from the Med. See also:Lat. form scaccus of the See also:Persian shah, king, i.e. the king in the game of chess; cf. the origin of " See also:mate " from the Arabic shah-See also:mat, the king is dead. The word was See also:early used in a transferred sense of a stoppage or rebuff, and so is applied to anything which stops or hinders a See also:matter in progress, or which controls or restrains anything, hence a token, See also:ticket or counterfoil which serves as a means of See also:identification, &c.check or counterfoil parts remained in the hands of the banker, the portion given to the customer being termed a " drawn See also:note " or " draft." From the beginning of the 19th century the word " cheque " gradually became synonymous with "draft " as meaning a written order on a banker by a person having money in the banker's hands, to pay some amount to bearer or to a person named. Ultimately, it entirely superseded the word " draft," and has now a statutory See also:definition (Bills of Exchange See also:Act 1882, s. 73)—" a bill of exchange drawn on a banker payable on demand." The word " draft " has come to have a wider meaning, that of a bill drawn by one person on another for a sum of money, or an order (whether on a banker or other) to pay money. The employment of cheques as a method of payment offering greater convenience than See also:coin is almost universal in See also:Great See also:Britain and the See also:United States. Of the transactions through the banks of the United See also:Kingdom between 86 and 9o% are conducted by means of cheques, and an even higher proportion in the United States. On the See also:continent of See also:Europe the use of cheques, formerly rare, is becoming more general, particularly in See also:France, and to some extent in See also:Germany.
End of Article: CHEQUE, or CHECK
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