The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CHECKABLE DEPOSITS Definition & Legal Meaning

Definition & Citations:

Available money allocated to one’s checking account, in a bank or financial institution, allowing the account owner to write a check or draft against that available amount in the account. These accounts hold ready cash, which is a very liquid asset. It is this liquidity that is allowing the transfer of monies from one person to another. Examples of a checkable deposit account are checking, savings and money market accounts.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.