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Investments glossary

Check


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Quotes of the day:

To keep a lamp burning we have to keep putting oil in it.

— Mother Teresa

A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer. The person or entity writing the check is known as the payor or drawer, while the person to whom the check is written is the payee. The drawee, on the other hand, is the bank on which the check is drawn.


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