Kinds of Bank Checks

Authored by , LegalMatch Legal Writer

Locate a Local Finance Lawyer

Most Common Finance Law Issues:

What's the Difference between a Check and a Note?

A check is an order on a third person (the bank) to pay a specified sum and is sometimes described as a three-party instrument (the parties being a drawer, a drawee or payor bank, and a payee.) A note is a promise by the maker to pay a specified sum and might be described as a two-party instrument (the parties being a maker and a payee.) Also, the note does not represent the paying out of assets.

Types of Checks 

Consult a Lawyer - Present Your Case Now!
Last Modified: 11-14-2014 03:36 PM PST

Find the Right Lawyer Now

Did you find this article informative?

Link to this page

Law Library Disclaimer

Kinds of Bank Checks,  personal money order,money order,cashier check,personal money,bank draft,party instrument,certified check,teller check,check,bank,pay,order,instrument,government,draft