# Cheque CH

- Canonical URL: https://www.gerhardmerk.de/cheque-ch
- Post ID: 588563
- Modified: 2023-07-25T20:58:40+00:00
- Language: en

## Definition

Cheque: Security containing an unconditional payment instruction from a customer of a credit institution to its bank (drawee) to pay a specified sum to a third party (beneficiary, remittee; drawee) at sight (payable when presented). In the case of a collection only cheque (cheque for deposit only; bank [transfer] cheque), payment is not made in cash but by crediting the beneficiary. - The check as a means of payment has lost its importance in most countries. In Germany, payments by check accounted for a total of 0.19 percent of payment transactions in 2012. - See Platzscheck, Postkartenscheck, Reisescheck. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1