Definition and Citations:
Used in place of a standard check, this is an instrument of payment that is given to the payee, allowing him to gain more control over the disbursement process of his financies.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Used in place of a standard check, this is an instrument of payment that is given to the payee, allowing him to gain more control over the disbursement process of his financies.