Crossed Check

Crossed Check
Any check that is crossed with two parallel lines, either across the whole check or through the top left hand corner of the check. This symbol means that the check can only be deposited directly into a bank account and cannot be immediately cashed by a bank or any other credit institution.

By using crossed checks, check writers are able to simply but effectively protect the checks they write. Crossed checks are predominantly used in countries accross Europe and Asia, as well as in Mexico and Australia.

Crossed checks are rarely used in the United States - any individual attempting to deposit a crossed check in the U.S. may encounter problems.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Crossed Check —   [krɔst tʃek; englisch »gekreuzter Scheck«] der, s/ s, Barscheck mit beschränktem Kreis der Begünstigten, im deutschen Recht nur als Verrechnungsscheck gültig …   Universal-Lexikon

  • Crossed Check — Cros|sed Check [ krɔst tʃɛk] der; s, s <aus gleichbed. engl. crossed check, eigtl. »gekreuzter Scheck«> Barscheck mit beschränktem Kreis der Begünstigten …   Das große Fremdwörterbuch

  • crossed check — marked check that cannot be cashed by anyone except the intended recipient …   English contemporary dictionary

  • crossed check — See check …   Black's law dictionary

  • crossed check — A name given to a system long recognized as valid in England whereby there is stamped across a check the name of a certain banker through whom it must be presented for payment, and if presented by anyone else, payment must be refused. Farmers… …   Ballentine's law dictionary

  • Crossed — Cross Cross, v. t. [imp. & p. p. {Crossed} (kr[o^]st; 115); p. pr. & vb. n. {Crossing}.] 1. To put across or athwart; to cause to intersect; as, to cross the arms. [1913 Webster] 2. To lay or draw something, as a line, across; as, to cross the… …   The Collaborative International Dictionary of English

  • check — I n. order to a bank (BE has cheque) 1) to issue, make out, write out a check to 2) to draw a check against one s account; to draw a check on a bank 3) to cash; clear; deposit; present a check 4) to cover a check (by making a deposit) 5) to… …   Combinatory dictionary

  • crossed — adjective 1. placed crosswise (Freq. 1) spoken with a straight face but crossed fingers crossed forks seated with arms across • Ant: ↑uncrossed • Similar to: ↑crosstown, ↑ …   Useful english dictionary

  • Check (fabric) — A check is a pattern consisting of crossed horizontal and vertical bands in two or more colors in woven cloth. Checks are traditionally associated with Scotland where woven dyed wool was, at one time, a principal cloth. District checks were… …   Wikipedia

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