CHECK

funds from its branch to the collection bank. dry check.See bad check. e-check. A paper check that is supplied by a consumer to a payee (usu. a merchant) who uses the check to make an electronic funds transfer. • The payee electronically scans the check’s magnetic-ink character-recognition coding to obtain the bank-routing, account, and serial numbers, then enters the amount of the check. This is usu., but not always, done at a point-of-sale terminal. Cf. e-money under MONEY. false check.See bad check. hot check.See bad check. memorandum check.A check that a borrower gives to a lender for the amount of a short-term loan, with the understanding that it is not to be presented for payment but will be redeemed by the borrower when the loan falls due. open check.A check that may be cashed by any bank. Cf. crossed check. personal check.A check drawn on a person’s own account. postdated check.A check that bears a date after the date of its issue and is payable on or after the stated date. raised check.A check whose face amount has been increased, usu. without the knowledge of the issuer — an act that under the UCC is considered an alteration. UCC § 3-407. See RAISING AN INSTRUMENT. registered check.A check purchased at a bank and drawn on bank funds that have been set aside to pay that check.rubber check.See bad check. stale check.A check that has been outstanding for an unreasonable time — more than six months under the UCC. • Banks in jurisdictions adopting the UCC may choose not to honor such a check. UCC § 4-404. [Cases: Banks and Banking  137; Bills and Notes  404. C.J.S. Banks and

Banking §§ 328, 330; Bills and Notes; Letters of Credit § 208.] teller’s check.A draft drawn by a bank on another bank or payable at or through a bank.[Cases: Banks and Banking  189. C.J.S. Banks and Banking §§ 452–458.] traveler’s check.A cashier’s check that must be signed by the purchaser at the time of purchase and countersigned when cashed; an instrument that (1) is payable on demand, (2) is drawn on or payable at or through a bank, (3) is designated by the term “traveler’s check” or by a substantially similar term, and (4) requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the instrument. UCC § 3-104(i). • Traveler’s checks, which are available in various denominations, are typically purchased from a bank or financing company. [Cases: Banks and Banking  189. C.J.S. Banks and Banking §§ 452–458.] worthless check.See bad check.

check,vb.1. To control or restrain <handcuffs checked the defendant’s movement>.2. To verify or audit <an accountant checked the invoices>.3. To investigate <the police checked up on the suspect>. • In this sense, check is typically used with up, on, or out. 4. To leave for safekeeping with an attendant <the diner checked her coat at the door>[Blacks Law 8th].