Question

What do you mean by cheques?

Answer 1

Answer:

Explanation:

It is an order from a particular bank to pay a specific amount of money from the drawer's account. It is written on a specially printed form.

Answer 2

The word cheque means a bill of exchange, which is drawn on a specified banker and is payable only in demand.

There are various definitions and explanations given for the word cheque in various Acts and one of such definitions is the definition given in section 6 of the Negotiable Instruments Act, 1881 " A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form."

Other definitions are provided in the Bills of Exchange Act, 1882, Stamp Act, 1889, and other definitions given by various scholars.