Definition of Initialed check

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TeachMeFinance.com - explain Initialed check




historic definition...

Initialed check -- When a bank cashier or paying teller puts his initials on a check it signifies that the signature is correct; but this initialing of a check is not a certification of it; nor is it in any sense an indorsement of it.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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