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LSDefine

Simple English definitions for legal terms

check

Read a random definition: SG

A quick definition of check:

A check is a piece of paper that tells a bank to take money from one person's account and give it to another person's account. There are different kinds of checks, like ones that your boss gives you for working, or ones that you can buy from the bank to make sure the money is real.

A more thorough explanation:

A check is a written order that instructs a bank or financial institution to transfer funds from the account of the person who wrote the check (the payor) to the account of the person or organization named on the check (the payee).

There are different types of checks:

  • Certified check: A check that has been guaranteed by the bank that the payor has enough funds to cover the amount of the check.
  • Cashier's check: A check that is drawn on the bank's own funds rather than the payor's account.
  • Paycheck: A check issued by an employer to an employee as payment for work done.

For example, if John wants to pay his rent, he can write a check to his landlord for the amount of the rent. The landlord can then deposit the check into their own account and receive the funds. In this case, John is the payor and his landlord is the payee.

Another example is when a company issues paychecks to its employees. The company writes a check for each employee's salary and the employee can deposit the check into their own account.

chattel paper | check-kiting

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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