third-party cheque

third-party cheque
third-party cheque UK US UK (US third-party check) noun [C] BANKING
a cheque that is written by one person or organization for another and that is then given to a third person or organization whose name is added to it: »

In the case of a third-party cheque, the original payee needs to endorse it with their signature.


Financial and business terms. 2012.

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