A Crossed Cheque is Safer Than A Bearer Cheque
When a cheque is crossed, the holder thereof cannot encash it at the counter of the bank. Encashment at the counter of the bank is possible only in the case of an open cheque, i.e. a bearer cheque or an uncrossed cheque.
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The holder of a crossed cheque has to present the same to his bank for collecting its amount
Tuesday, 1 March 2011
Why A Crossed Cheque is Safer Than A Bearer Cheque?
Posted on 19:34 by Unknown
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