Cheque, Check Off, Cheque Protector, Cheque Register




Cheque, Check Off, Cheque Protector, Cheque Register :




Cheque : A tool of payment in which the bank pays from the cheque maker’s account, the amount for which the dues have been subtracted from the member’s pay.



Check Off : Under this system the union is directly paid by the employer after the dues are subtracted from the member’s pay.



Cheque Protector : The amount on a cheque can be embossed or marked, using this device, after which any alterations would be difficult. It is also known as the cheque writer



Cheque Register : A record of all the checks, which are written, deposits, which are made, so that a current balance of the amount in the account can be obtained




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