Posts Tagged ‘check’

A Check is…

Tuesday, October 20th, 2009

A check is a note that is issued from one entity (like a person or business) to another for the purpose of transferring money. The check itself is a piece of paper that represents deposited money in the check-writer’s bank account, that is to be paid out when the check is “cashed” or deposited by the recipient. A checking account gets its name from the fact that funds may be transferred from the checking account to another account using checks.