What do you mean by stop payment of cheque?

What do you mean by stop payment of cheque?
by

1 Answer

Answer :

What do you mean by stop payment of cheque?
by
selected by

Related questions

Write a letter to the bank to stop the payment of the cheque.

Description : Write a letter to the bank to stop the payment of the cheque.

Last Answer : Write a letter to the bank to stop the payment of the cheque.

What are the differences between payment voucher, journal and cheque?

Description : What are the differences between payment voucher, journal and cheque?

Last Answer : paying cheques drawn by customers in the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as Automated ... is considered indispensable by most businesses and individuals. Non-banks that provide payment service

Does a bounced cheque affect your credit score, even if no loan payment is involved?

Description : Does a bounced cheque affect your credit score, even if no loan payment is involved?

Last Answer : Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus. but remember that when you take a loan in ... transactions.but if the same problem persists then bank could deny the loan. hope this helps

(i) Refusal by the bank to make payment of a cheque.

Description : (i) Refusal by the bank to make payment of a cheque.

Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Refusal ... making payment to outside parties through the bank.

(i) When a bank refuses to make the payment of the cheque, it is said to be ________

Description : (i) When a bank refuses to make the payment of the cheque, it is said to be ________

Last Answer : Complete the following sentences: (i) When a bank refuses to make the payment of the cheque, ... v) _________ advance is given to the petty cashier.

A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder‟s signature is known as ___________ A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Crossed Cheque

Description : A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder‟s signature is known as ___________ A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Crossed Cheque

Last Answer : A. Travellers cheque Explanation: Traveller‘s cheque is a medium of exchange that can be used in place of hard currency. Traveller‘s cheques are often used by individuals travelling on vacation to foreign countries.

The date of purchase of certificate when payment made by cheque will be a) The actual date of cheque accepted by postmaster b) The date of cheque accepted by the Head office c) The date of when cheque received after clearance d) None of these

Description :  The date of purchase of certificate when payment made by cheque will be a) The actual date of cheque accepted by postmaster b) The date of cheque accepted by the Head office c) The date of when cheque received after clearance d) None of these

Last Answer : c) The date of when cheque received after clearance

Payment for purchase of a certificate may be made by a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) All the above

Description : Payment for purchase of a certificate may be made by  a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) All the above

Last Answer : d) All the above

Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Last Answer : d) E-cheque

Which one is not an offline payment mode? a) Cash on delivery b) Cash before delivery c) Demand draft d) E-cheque

Description : Which one is not an offline payment mode? a) Cash on delivery b) Cash before delivery c) Demand draft d) E-cheque

Last Answer : b) Cash before delivery

Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Description : Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Last Answer : d) None of the above

Which of the following is an Internet-based company that makes it easy for one person to pay another over the Internet? a. electronic cheque b. electronic bill payment c. Conversion rates d. Financial cybermediary

Description : Which of the following is an Internet-based company that makes it easy for one person to pay another over the Internet? a. electronic cheque b. electronic bill payment c. Conversion rates d. Financial cybermediary

Last Answer : d. Financial cybermediary

Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False

Description : Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False

Last Answer : b. False

Payment of the fees can be made through a) cheque c) demand draft b) cash d) none of above

Description : Payment of the fees can be made through a) cheque c) demand draft b) cash d) none of above

Last Answer : demand draft

Cheque card issued by a bank which guarantees the payment of_______ within prescribed limit. (a) Cheque b) purchase c) cash

Description : Cheque card issued by a bank which guarantees the payment of_______ within prescribed limit. (a) Cheque b) purchase c) cash

Last Answer : (a) Cheque

Crossing of a cheque effect the A. Negotiability of the cheque B. Mode of payment on the cheque C. Both (a) and (b) D. None of the above

Description : Crossing of a cheque effect the A. Negotiability of the cheque B. Mode of payment on the cheque C. Both (a) and (b) D. None of the above

Last Answer : C. Both (a) and (b)

To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Last Answer : A. Holder of the instrument

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Description : which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Last Answer : d. none

Which one is an online payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque

Description : Which one is an online payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque

Last Answer : d. e‐cheque

Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Description : Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Last Answer : a. Cash on delivery

Which one is not an offline payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque

Description : Which one is not an offline payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque

Last Answer : d. e‐cheque

The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Description : The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Last Answer : d. E‐cheque

In cheque payment protocol, the purchase order form is signed by purchaser using a. his public key b. his private key c. his private key using his signature hardware d. various public keys

Description : In cheque payment protocol, the purchase order form is signed by purchaser using a. his public key b. his private key c. his private key using his signature hardware d. various public keys

Last Answer : c. his private key using his signature hardware  

The Secure Electronic Transaction protocol is used for a. credit card payment b. cheque payment c. electronic cash payments d. payment of small amounts for internet services

Description : The Secure Electronic Transaction protocol is used for a. credit card payment b. cheque payment c. electronic cash payments d. payment of small amounts for internet services 

Last Answer : a. credit card payment  

Explain the following concept: Stop payments of cheque

Description : Explain the following concept: Stop payments of cheque

Last Answer : Explain the following concept: Stop payments of cheque

What do you mean by crossed cheque?

Description : What do you mean by crossed cheque?

Last Answer : What do you mean by crossed cheque?

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

Description : Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do ... tranfers even though its my money and it has no obligation to X. What's the law on this?

Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

What is the homophone for To bring to stop and payment of money?

Description : What is the homophone for To bring to stop and payment of money?

Last Answer : check, cheque

Stop Payment on Check?

Description : Stop Payment on Check?

Last Answer : Get StartedIn the Stop Payment on Check letter, the "drawer" is the person who writes the check (or share draft, etc.). In nearly all states, a drawer may, by order to his or her bank, stop ... payment order must both: (a) identify the check with reasonable accuracy, and (b) be received "in time."

If a remitter of money order wants to stop its payment to the payee a) Value of MO and commission paid will be refunded to himb) Value of Mo will be refundedc) No refundd) None of these

Description : If a remitter of money order wants to stop its payment to the payee a) Value of MO and commission paid will be refunded to him b) Value of Mo will be refunded c) No refund d) None of these

Last Answer : b) Value of Mo will be refunded

Can you write yourself a cheque?

Description : Can you write yourself a cheque?

Last Answer : I don’t think it would clear because it would look like you were just trying to bounce it.

2 year old cheque still good?

Description : 2 year old cheque still good?

Last Answer : Nope. They expire after 6 months.

If a bank account is only overdrawn by 85c, can they still 'bounce' a customer's cheque?

Description : If a bank account is only overdrawn by 85c, can they still 'bounce' a customer's cheque?

Last Answer : It doesn’t matter if it’s 85 cents or 85 dollars. To a bank, overdrawn is overdrawn.

Which method of paying bills makes you feel more secure, mailing away a cheque or paying online with a credit card?

Description : Which method of paying bills makes you feel more secure, mailing away a cheque or paying online with a credit card?

Last Answer : I use one credit card for everything. Then I pay the monthly bill online. I have never had a moment’s problem.

On a job i just quit i think there was an extra 100 dollars on my cheque,what do i do?

Description : On a job i just quit i think there was an extra 100 dollars on my cheque,what do i do?

Last Answer : answer:this is one of those gray area kind of questions. some follow the finders keepers ideology while others would question ethics. Are you positive that the extra 100 dollar wasn't some sort of ... what you think is right or wrong. Hope that helps you make whatever decision is right for you.

What is a cheque? How does it replace currency? -SST 10th

Description : What is a cheque? How does it replace currency? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been drawn. . The facility of cheque against demand ... bank account to another in a couple of days. The transaction is complete without any payment of cash.

How is the facility of cheque useful? -SST 10th

Description : How is the facility of cheque useful? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from a person's account to the person in whose name the cheque has been issued. The payer,who has an account with ... facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.

What is a Cheque ? -SST 10th

Description : What is a Cheque ? -SST 10th

Last Answer : A Cheque is a paper instruction to the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been issued.

Which is called a ‘banker’s cheque’ ? -General Knowledge

Description : Which is called a ‘banker’s cheque’ ? -General Knowledge

Last Answer : The answer is 'Demand draft'

Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Description : Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Last Answer : The answer is 'Mahatma Gandhi'

A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Description : A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Last Answer : answer:

A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Description : A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Last Answer : answer:

Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Description : Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Last Answer : answer:

Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Description : Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge

Last Answer : answer:

Which is called a ‘banker’s cheque’ ? -General Knowledge

Description : Which is called a ‘banker’s cheque’ ? -General Knowledge

Last Answer : answer:

Who is the author of the book "Cheque book" ? -General Knowledge

Description : Who is the author of the book "Cheque book" ? -General Knowledge

Last Answer : Vasdev Mohi is the author

Cheque deposited into Bank increases the Bank balance as per Cash Book.

Description : Cheque deposited into Bank increases the Bank balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Cheque deposited into Bank increases the Bank balance as per Cash Book.

When cheque is ________ into bank Cash Book is debited. 

Description : When cheque is ________ into bank Cash Book is debited. 

Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured

(i) Check deposited into Bank but not cleared is called _________ cheque.

Description : (i) Check deposited into Bank but not cleared is called _________ cheque.

Last Answer : Complete the following statements: (i) Check deposited into Bank but not cleared is called _________ ... type of bank account is open by trader.