| telecheck Jun 24th 2013, 03:55 | | | | Line 7: | Line 7: | | | {{en-noun}} | | {{en-noun}} | | | | | | | − | # {{context|banking|lang=en}} A [[check]] (financial instrument) that is not written out and [[sign]]ed by the [[drawer]], but [[verbal]]ly [[authorize]]d over the [[telephone]] and then printed and stamped by the [[payee]]. | + | # A [[check]] (financial instrument) that is not written out and [[sign]]ed by the [[drawer]], but [[verbal]]ly [[authorize]]d over the [[telephone]] and then printed and stamped by the [[payee]]. | | | #* '''2003''', Daniel V. Davidson, Brenda E. Knowles, Lynn M. Forsythe, ''Business law: principles and cases in the legal environment'' (page 498) | | #* '''2003''', Daniel V. Davidson, Brenda E. Knowles, Lynn M. Forsythe, ''Business law: principles and cases in the legal environment'' (page 498) | | | #*: The court had to decide if a "'''telecheck'''" had been "signed" by the purported "drawer," and in doing so the court had to determine whether a "telecheck" is a negotiable instrument{{...}} | | #*: The court had to decide if a "'''telecheck'''" had been "signed" by the purported "drawer," and in doing so the court had to determine whether a "telecheck" is a negotiable instrument{{...}} |
Latest revision as of 03:55, 24 June 2013 English[edit] Etymology[edit] tele- + check telecheck (plural telechecks) - A check (financial instrument) that is not written out and signed by the drawer, but verbally authorized over the telephone and then printed and stamped by the payee.
- 2003, Daniel V. Davidson, Brenda E. Knowles, Lynn M. Forsythe, Business law: principles and cases in the legal environment (page 498)
- The court had to decide if a "telecheck" had been "signed" by the purported "drawer," and in doing so the court had to determine whether a "telecheck" is a negotiable instrument […]
- 2008, Carolyn L. Carter, Jonathan A. Sheldon, Unfair and deceptive acts and practices (page 357)
- Although very different laws apply, telechecks and electronic transfers may appear virtually the same to a consumer reading a bank statement.
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