Question

define cheque and explain its essential characteristic features​

Answer 1

Answer:

A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it contains the electronic image of a truncated cheque and a cheque in the electronic form.

Answer 2

Answer:

A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution. Both the drawer and payee may be natural persons or legal entities.