Checkbook

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Checkbook

 

an assembled booklet of checks, which may be used in exchange for money or in settlement of an account. In the USSR, checkbooks are made by banks and issued by the credit institutions in which the check writer (whether an organization or an individual citizen) has an account. The checkbook bears the name of its owner, the number of the bank account on which the checks are drawn, and the numbers of the checks. In addition, limited checkbooks (which are made out for a specified sum of money, covered by the payer’s funds on deposit) and unlimited checkbooks (for unlimited amounts, covered by bank loans in special loan accounts) indicate the effective period of the checkbook, allocation of payments, and—where applicable—the established limit.

In the case of checks used for the settlement of accounts, the checkbook may be valid for a limited period that is fixed by bank regulations (up to one year); a limit may also be imposed on the amount available for writing checks from a given checkbook. Unless a checkbook is issued for the settlement of accounts with certain designated organizations, the checks may be used to settle accounts with any supplier or transport organization.

References in periodicals archive ?
For the consumer, the awkward shape of a checkbook is almost a good enough reason to carry only plastic and cash.
South Zone-lot 2 5000 checkbooks a value of EUR 50 each.
ACOM Solutions' Financial Documents Division, developer and marketer of the MICRPro(R) in-house check printing solution, today introduced an automated production and finishing system that cuts stacks of printed personal checks to checkbook size and stitches and tapes them into pads in a continuous, hands-free process.
Much like the affinity major league sports fans have for the specialized checkbooks sporting the logos of their favorite U.
Skinner, the Company's Chairman, President and Chief Executive Officer said, "Our employees responded immediately with their hearts and their checkbooks.
Kuwait Finance House (KFH) has announced the launch of a new service to its customers allowing them to request checkbooks through ATMs.
They said 40 other states have put checkbooks online.
Steven Spielberg, Tom Hanks, Jennifer Aniston and Eddie Murphy are just a few of the top celebrities scrambling to honor Obama with their presence and their checkbooks.
Americans opened their hearts and their checkbooks.
Finally, we need to be prolife where it counts--in our checkbooks.
She speaks for millions who communicate by their silence, their absence in Sunday worship, and their closed checkbooks.
Regardless of the approach, couples should review the budget and checkbooks monthly to monitor progress.