Crossed Cheque definition

Crossed Cheque means a cheque crossed as referred to in section 53 of the Cheques Act 1986 of the Commonwealth;
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Crossed Cheque means a cheque crossed as referred to in section 53 of the Cheques Act 1986 of the Commonwealth as in force on 1st March 2002;
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Examples of Crossed Cheque in a sentence

  • The Customer will be solely responsible for providing instructions for the stop payment or return of a Par Crossed Cheque.

  • If no instruction for stop payment or return is made as provided above and a Par Crossed Cheque is paid by RBC New York Branch, Royal Bank may debit such Par Crossed Cheque to the applicable US dollar Account, or any other Account.

  • Notified Crossed Cheque – means a Crossed Cheque that has been endorsed to the Bank Overfunding –where the Client withdraws a sum in excess of Availability.

  • Instead, the Bank will calculate interest at the rate specified in the Terms Schedule from the date payment is made until the later of the Value Date or when the Bank may reasonably expect a Crossed Cheque to be returned unpaid and debit the Client immediately.

  • III) All payments shall be made by the User through Crossed Cheque/ Demand Draft only, drawn in favour of the Maintenance Agency payable at New Delhi and shall be deemed to have been paid only when the amounts are credited to the accounts of the Maintenance Agency.

Related to Crossed Cheque

  • Cheque means a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand;

  • Certified check means a check accepted by the bank on which it is drawn. Acceptance may be made as stated in subsection (1) or by a writing on the check which indicates that the check is certified. The drawee of a check has no obligation to certify the check, and refusal to certify is not dishonor of the check.

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Relevant Transfer means a transfer of employment to which the Employment Regulations applies;