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Definitions from the Web

Crossed Cheque

Description:

A crossed cheque is a type of negotiable instrument that contains two diagonal parallel lines across its face. Crossing a cheque is done to provide added security and to ensure that the payment is made through a bank. It prevents the cheque from being encashed directly at the counter but instead requires it to be deposited into the payee's bank account.

Sample Sentences:

1. The recipient was relieved to receive a crossed cheque to eliminate the risk of loss during transit.
2. Please ensure that you only accept a crossed cheque for large transactions to minimize the chances of fraud.
3. With a crossed cheque, the funds are transferred electronically, providing a traceable trail.
4. The bank advised its customers to always use crossed cheques to protect themselves against forged endorsements.

Related Products:

Consider checking out the following related products on Amazon:

• Crossed Cheque Book
• Cheque Security Ink
• Cheque Printing Software