In the finance industry, a check is a device that instruct a bank to transfer funds from the payor’s account to the person's account.
It refers to a written, dated and signed instrument that is used to directs a bank to pay a specific sum of money to the bearer of the cheque. The person writing the check is known as the payor or drawer while the person to whom the check is written is the payee.
The common features of check include the date, the payee line, the amount of the check, the payor’s endorsement and a memo line; the types of checks include certified checks, cashier’s checks and payroll checks (paychecks).
Read more about check
brainly.com/question/10412653
#SPJ1
