Cheque
A note to a bank asking for money to be paid from your account to the account of the person whose name is written on the note [Collin, 30].
Check, also spelled Cheque, bill of exchange drawn on a bank and payable on demand; it has become the dominant form of money in the domestic commerce of developed countries. As a written order to pay money, it may be transferred from one person to another by endorsement and delivery or, in certain cases, by delivery alone. Negotiability can be qualified by appropriate words, as with restrictive endorsements, or by the check form itself. Most checks are not paid in currency but by debiting and crediting bank deposits. Clearings are accomplished either by direct presentation, by correspondent banks, through local clearinghouses, or by central banks, such as the federal reserve banks in the United States.
A cashier’s check is issued by a bank against itself and is signed by the cashier or some other bank officer. It has unquestioned acceptability as an exchange. A certified check is a depositor’s check that has been guaranteed by the bank upon which it is drawn and is so stamped. Traveler’s checks are cashier’s checks sold to travelers that require two signatures by the payee. One signature is placed on the check in the presence of an issuing agent; the other is for identification and is placed on the check when it is cashed. Purchasers of traveler’s checks are guaranteed reimbursement by the issuers if the checks are lost or stolen [Britannica].
Collin H. P. (2006). Dictionary of Economics. London: A & C Black Publishers Ltd.
Check. Encyclopedia Britannica. Retrieved from: https://www.britannica.com/topic/check-finance