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 ?
Customer can use ATM to issue checkbook, rather than being confined to the staff working in the bank branches.
Grossman said establishment of the continually updated database follows on a campaign promise he made while seeking office in 2010 to put the state's checkbook online for public examination.
ABC News stoutly denies that it engaged in anything so loathsome as checkbook journalism.
When the state agency sought to implement the checkbook strategy into the Title I program, they had mixed results but were pleasantly surprised by the enthusiasm of the business unit to market this idea to their state counterparts.
The services cover: - the setting up of personalized escort checks (CAP) called recreational checkbooks, - the overall management of the leisure checkbook system.
A man distracted the shoppers by asking them questions about grocery products while his woman partner surreptitiously lifted wallets and checkbooks from the victims' purses, deputies said.
Though Trigg wouldn't confirm that more people are opting to use debit cards over checkbooks, she did say going strictly plastic is a growing trend.
In addition to buying at Tyco (NYSE:TYC), we also saw insiders open up their checkbooks at General Electric (NYSE:GE) and 3M (NYSE:MMM)," said Ben Silverman, editor of InsiderScore.
and are telling people to bring their checkbooks,'' Tovey said.
According to Lafitte, the solution is capable of producing up to 25 customer check orders per hour and will enable the bank to provide quality customers' checkbooks at prices two-thirds or less of what they currently pay.
During this holiday season people will be able to give without having to open their checkbooks.
Bank also offers Aztec Checking that carries the SDSU name and logo for anyone (including alumni) who want to display SDSU pride whenever and wherever they pull out their checkbooks.