Check
Term · Law · MLC-T-LAW-000957
A written order instructing a bank to pay a specified sum of money from the drawer's account to the payee named on the document. It serves as a negotiable instrument, allowing for the transfer of funds without the need for physical cash. Checks are governed by Article 3 of the Uniform Commercial Code in the United States.
| Identifier | MLC-T-LAW-000957 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-000957",
"term": "Check",
"field": "Law",
"definition": "A written order instructing a bank to pay a specified sum of money from the drawer's account to the payee named on the document. It serves as a negotiable instrument, allowing for the transfer of funds without the need for physical cash. Checks are governed by Article 3 of the Uniform Commercial Code in the United States.",
"url": "https://mlchart.com/terminology/law/check/"
}
Record 778 of 5,445 in Law terminology (MLC-0107). Request the full dataset.