Cheque vs Banknote - What's the difference?
cheque | banknote |
(Australia, Canada, India, New Zealand, UK) A draft directing a bank to pay money to a named person or entity.
* 1848 , (John Stuart Mill), (Principles of Political Economy) , 1920,
* 1999 , Sam Seunarine, Office Procedures for the Caribbean , 2nd edition, reprinted 2001,
* 2007 , Eric Tyson, Tony Martin, Personal Finance for Canadians for Dummies ,
* 2009 , R. Rajesh, T. Sivagnanasithi, Banking Theory Law & Practice , Tata McGraw-Hill, New Delhi,
A piece of paper currency.
(historical) A demand note issued by private banks presumably backed up by gold or silver coin.
As nouns the difference between cheque and banknote
is that cheque is check (a note promising to pay money to a named person or entity) while banknote is banknote (paper currency).cheque
English
Alternative forms
* check (US)Noun
(en noun)- I was not carrying cash, so I wrote a cheque for the amount.
page 62,
- They do not, however, all deal with the same banker, and when A gives a cheque to B, B usually pays it not into the same but into some other bank.
page 126,
- Sometimes abbreviations are used (which would be explained on the statement) and only the last three figures of the cheque' number may be given. ‘Sundries’ are cash or ' cheques paid into the account.
unnumbered page,
- You can avoid dealing with paper cheques — written or printed — by paying your bills online.
page 206,
- The daily cheque' clearings began around 1770 when bank clerks met at the Five Bells (a tavern in Lombard Street in the City of London) to exchange all their ' cheques in one place and settle the balances in cash.