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  • 01-02-2016
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Answered

difine crossed cheqaue

Verified Answer :

taskmasters
taskmasters taskmasters
  • 01-02-2016

If you mean a crossed cheque- it is a document which allows
the person stated on the face of the document to pay a stated money on the bank
for the purpose that it is intended. Crossing a cheque means to be specific on
the instruction on the means of its redemption or deposit. For example, it is
common to stipulate that it is to be directly given to the account in the bank
as a deposit and not to be cashed over the counter.

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