Legal Definitions - counterfoil

A counterfoil refers to a detachable section of a document that provides a summary of the main document's key information. It is typically retained by the issuer or recipient as a record, while the primary part of the document is used for its intended purpose.

• Example 1: Bank Deposit Slip

  When you deposit cash or checks at a bank, you fill out a deposit slip. After the teller processes your deposit, they often tear off a small portion of the slip, stamp it, and return it to you. This small, stamped part is the counterfoil. It summarizes the date, the amount deposited, and sometimes the account number, serving as your personal record of the transaction.

• Example 2: Shipping Receipt/Tracking Slip

  When you send a package through a postal service or courier, the shipping label that goes on the package often has a smaller, detachable section. This section, the counterfoil, contains essential details like the tracking number, the date of shipment, and sometimes the sender's and recipient's basic information. You keep this counterfoil as proof of shipment and to track your package's journey.

• Example 3: Raffle Ticket

  When you participate in a charity raffle or drawing, the ticket you purchase typically consists of two parts: a larger portion that goes into the drawing drum and a smaller, numbered stub that you keep. This smaller stub is the counterfoil. It serves as your proof of entry and contains the unique number that corresponds to the main ticket, allowing you to claim a prize if your number is drawn.