Crossed Cheque definition

Crossed Cheque means a cheque crossed as referred to in section 53 of the Cheques Act 1986 of the Commonwealth;
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Crossed Cheque means a cheque crossed as referred to in section 53 of the Cheques Act 1986 of the Commonwealth as in force on 1st March 2002;
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Examples of Crossed Cheque in a sentence

  • The Customer will be solely responsible for providing instructions for the stop payment or return of a Par Crossed Cheque.

  • If no instruction for stop payment or return is made as provided above and a Par Crossed Cheque is paid by RBC New York Branch, Royal Bank may debit such Par Crossed Cheque to the applicable US dollar Account, or any other Account.

  • Notified Crossed Cheque – means a Crossed Cheque that has been endorsed to the Bank Overfunding –where the Client withdraws a sum in excess of Availability.

  • Instead, the Bank will calculate interest at the rate specified in the Terms Schedule from the date payment is made until the later of the Value Date or when the Bank may reasonably expect a Crossed Cheque to be returned unpaid and debit the Client immediately.

  • III) All payments shall be made by the User through Crossed Cheque/ Demand Draft only, drawn in favour of the Maintenance Agency payable at New Delhi and shall be deemed to have been paid only when the amounts are credited to the accounts of the Maintenance Agency.