Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Bad check
see check.
Check
ub. 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>.
bad check
A check that is not honored because the account either contains insuffi cient funds or does not exist. - Also termed hot check; worthless check; rubber check: bounced check; cold check; bogus check; false check; dry check.
blank check
A check signed by the drawer but left blank as to the pay-r- or t'm, ,amount or both.
blank check.
See CHECK.
bogus check
See bad chect
bogus check.
See bad check under CHECK.
bounced check
See bad check under CHECK.
canceled check
A check Bearing a notation that it has been paid by the bank on which it was drawn. 0 A canceled check is often used; as evidence of payment --- Also spelled can-celled check.
cancelled check
See CHECK.
cashier' check
A check drawn by a bank on itself payable to another person, arid evidencing the payee's authorization to received from the bank the amount of money represented by the check; a draft for which the, drawer and drawee are the same bank . . different branches of the same bank.
certified check
See CHECK.
check
A draft signed by the maker or drawer drawn on a bank payable on demand and unlimited in negotiability ( Under UCC § 3-104(4) an instrument may be a check even thouth it is described on its face by another term such as money order also spelled cheque See DRAFT.
check-kiting
The illegal practice of writing a check against a bank account with insufficient funds to cover the check, in the hope that the funds from a previously deposited check will reach the account before the bank debits the amount of the outstanding check. - Also termed kiting; check-flashing.
check-off system
The procedure by which an employer deducts union dues directly from the employees' wages and remits those dues to the union.
checkpoint search
A search anywhere on a military installation.
checks and balances
The theory of governmental power and functions whereby each branch of government has the ability to counter the actions of any other branch, so that no single branch can control the entire government. ( For example, the executive branch can check the legislature by exercising its veto power, but the legislature can, by a sufficient majority, override any veto. See SEPARATION OF POWERS.
claim check
A receipt obtained for bailed or checked property and surrendered by the holder when the bailee returns the property.
cold check
See bad check.
depository-transfer check
An unsigned nonnegotiable check that is used by a bank to transfer funds from its branch to the collection bank
dry check
See bad check
dry check.
See bad check under CHECK.
eerti feed check
A depositor's checl. on a bank that guarantees the availability w funds for the check. ( The guarantee may be by the drawee's signed agrPPmF-nt t" nav the draft or by a notation on t certified.
false check
See bad check
hot check
See bad check.
hot check.
See bad check under CHECK
joint-check rule
The principle that, when an owner or general contractor issues a check that is made jointly payable to a subcontractor and the subcontractor's material man, the material man's endorsement on the check certifies that it has been paid all amounts due to it, up to the amount of the check. ( This rule protects the owner or general contractor from lien foreclosure by a materialman who was not paid by the subcontractor. By issuing a joint check, the owner or general contractor is not left merely to hope that the subcontractor pays all the materialmen. And the materialman is protected because it can refuse to indorse the check until it is satisfied that the subcontractor will pal it the appropriate amount.
memorandum check
A check that a bor rower gives to a lender for the amount of 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.
personal check
See 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 a material alteration. UCC § 3-407. See RAISING AN INSTRUMENT.
registered check
See CHECK.
rubber check
See bad check.
sobriety checkpoint
A part of a roadway at which police officers maintain a roadblock to stop motorists and ascertain whether the drivers are intoxicated.
stale check
A check that has been outstanding for an unreasonable time - more than six months under the UCC. 0 Banks in Jurisdictions adopting the UCC may choose not to honor such a check. UCC § 4-404.
teller's check
A draft drawn by a bank on another bank or payable at or through a bank.
third-party check
A check that the payee indorses to another party - for example, a customer check that the payee indorses to a supplier. ( A person who takes a third-party check in good faith and without notice of a security interest can be a holder in due course. third-party complaint See COMPLAINT.
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). 0 Traveler's checks, which are available in various denominations, are typically purchased from a bank or financing company.
worthless check
See bad check.