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a monetary document of a standard form wherein the person writing the check orders the issuing agency to pay the indicated sum to the bearer; a type of security.
In the USSR, checks are written on blank forms, as prescribed by the State Bank of the USSR, in accordance with the statute on checks ratified on Nov. 6, 1929, by the Central Executive Committee and the Council of People’s Commissars of the USSR (Collected Laws of the USSR, 1929, no. 73, art. 697). Every check must bear such information as the date and place of issue, the name of the payer, and the account from which payment is to be made. Checks are valid for a period of ten days, not counting the day of issue. In the USSR, only a credit agency (usually a bank) may cash a check, which must always be fully covered by the amount available in the account (either in cash or in the form of a credit account). A bank’s acceptance of a check means that the bank agrees to pay the amount of the check within the stated time limit.
Checks circulating in the economy of the USSR may be payable in cash, or they may be used for noncash transactions between organizations in settling accounts for goods received, services rendered, or work performed. This second category is made up of several types of checks—namely, bank-accepted checks, which are used by the budgetary organizations to settle local, or intracity, accounts for goods and services; checks without bank acceptance, which are used to settle local accounts for goods and services and, in addition, are used by financial bodies for reimbursement of budget revenues; and checks from either limited or unlimited checkbooks, which are used to settle both local and nonlocal accounts for goods and services (particularly the accounts of transport and communication enterprises). Checks are also used in relations involving citizens; for example, payments for municipal services may be made out of depositors’ current accounts in the form of noncash transactions.
The use of checks in the system of international payments is governed by various regulations—specifically, those formulated by the Geneva convention of 1931 on uniform laws for checks; the English Bills of Exchange Act of 1882, which is applied throughout the Commonwealth and in various other countries, such as the USA, Israel, and the Philippines; and the provisions of the Uniform Commercial Code of 1962, which is in effect in the United States and in a number of Latin American countries. The USSR is not a signatory to international checking agreements.
in land reclamation, a carefully flattened section of field bounded by earth dams, intended for growing rice by the flooding method (seeSURFACE WATERING). A check is 1–4 hectares in area; a large check is 12–16 hectares in area.
ii. To examine a pilot for proficiency as in a check flight.
iii. To reduce the rate of descent as in check altitude.
iv. To check in; to report.
v. To carry out a programmed cockpit routine from entering the aircraft to takeoff—cockpit checks, pre-start-up checks, checks while taxiing, and checks before takeoff.
vi. To ascertain the serviceability of aircraft or equipment, as used in preflight checks, postflight checks, etc.
vii. To investigate aircraft for any malfunction as in “check … (equipment) for … unserviceability.”