Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

check

Read a random definition: interdictum quod vi aut clam

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.