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Check

Defined in 1 dictionary — Black's (1891)

A Dictionary of Law

Henry Campbell Black · 1891

n. A draft or order upon a bank or banking-house, purporting to be drawn upon a deposit of funds, for the payment at all events of a certain sum of money stuntly on demand. 2 Daniel, Neg. Inst. § 1566. A check is a bill of exchange drawn upon a@ bank or banker, or a person described as sich upon the face thereof, and payable on demand, without interest. Civil Code Cal, § 3254; Civil Code Dak. § 1983. A check differs from an ordinary bill of exchange in the following particulars: (1) It is drawn on a bank or bankers, and is payable immediately on presentment, without any days of grace. (2) It is payable immediately on presentment, and no acceptance as distinct from payment is required. (8) By its terms it is supposed to be drawn Upon a previous deposit of funds, and is an absolute appropriation of so much money in the hands of the bankers to the holder of the check, to remain there until called for, sod cannot after notice be withdrawn by the drawer. 2 Story, 502; 8 Bush, 397.