Investor Glossary-cancelled checkInvestor Glossary-cancelled checkInvestor Glossary-cancelled checkInvestor Glossary-cancelled checkInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Cancelled Check

The HTML to link to this page
 

A cancelled check is a check that has been approved by a bank or another financial institution. Once a check is processed, and all appropriate accounts have been credited, it then becomes a cancelled check. At that time, some form of designation, usually a stamp, marks a cancelled check as cleared. Thus, a cancelled check can be considered a token of clearance of transferred funds. As such, a cancelled check may be employed or required as a proof of payment or receipt of transaction. If used in this capacity, both the front and the back of a cancelled check may be required. Unlike a cancelled check, an outstanding check is one that has not been processed and approved by the bank where it originated.



Rate this cancelled check definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: liquidity ratio, annual return, wholly-owned subsidiary, debt service coverage, margin rate, 1031 exchange, covered put, inflation, EBITDA, irrevocable trust, deferred tax, open position, 1035 exchange, ex-dividend date, stock split, labor relations, cancelled check, required rate of return, stock market close, limit order, real GDP, APR, in escrow, quality assurance, FTSE, LIBOR, per diem, FICO score, current ratio, Zero Cost Collar, average price per share, class C shares, deferred revenue, VIX, retained earnings, implied volatility, ex-dividend, dividends payable, option premium, balance sheet, command economy, minority interest, Key Rate Duration, diluted share, phantom income, risk management, 144a, reverse mortgage, 401a


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use