Simple English definitions for legal terms
Read a random definition: SG
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 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:
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.