Definitions[]
Data[]
A check is a type of verification of a process or data.
Finance[]
A check
| “ | [is] [a] written order from one party (payer) to another (payee) requiring the payer's financial institution to pay a specified sum on demand to the payee or to a third party specified by the payee.[1] | ” |
| “ | (A) means a draft, payable on demand and drawn on or payable through or at an office of a bank, whether or not negotiable, that is handled for forward collection or return, including a substitute check and a travelers check; and
(B) does not include a noncash item or an item payable in a medium other than United States dollars.[2] |
” |
References[]
- ↑ FFIEC IT Examination Handbook, Retail Payment Systems, Appendix B: Glossary (full-text).
- ↑ 12 U.S.C. §5002(3)(6).