Cheque is an important negotiable instrument
which can be transferred by mere hand delivery. Cheque is used to make safe and
convenient payment. It is less risky and the danger of loss is minimized.
Definition of a Cheque
"Cheque is an
instrument in writing containing an unconditional order, addressed to a banker,
sign by the person who has deposited money with the banker, requiring him to
pay on demand a certain sum of money only to or to the order of certain person
or to the bearer of instrument."
