Dictionary definition: account payee only

Dictionary definition: account payee only
A Dictionary of Accounting;      308 words ...account payee only Words printed between two vertical ... cheque that, in accordance with the Cheque Act (1992), make the cheque non-transferable ... this most cheques are now overprinted `account payee only', and the words `not negotiable ...

Article: RBI ASKS BANKS NOT TO COLLECT ACCOUNT PAYEE CHEQUES ...
The Hindustan Times;  January 23, 2006 ;     444 words ... ... credited the proceeds of individual account payee refund orders into the accounts of ... from the procedure for collection of account payee cheques. The deviations can also not ... prohibit the banks from crediting 'account payee' cheque to the account of any person ...

Article: Getting paid in Europe
Credit Management;  February 1, 2000 ;     700+ words ... ... the cheque to the bank at the beginning. It can also be complicated by the recent Cheque Act, which makes most cheques non-negotiable and 'account payee only'. It is important to note that some foreign banks have negotiated stolen cheques ...

Article: Supreme Court: 'Payee only' on a check means just that
Jerusalem Post;  January 2, 1995 ;     700+ words ... ... bank to "pay to the order of" and "account payee only" were clearly contradictory ... person designated by the payee, while "account payee only" required the deposit of the ... Where the drawer inserted the words "account payee only," he directed that the payee ...

Article: Charge for just cashing cheques
The Malay Mail;  December 11, 2003 ;     485 words ... ... says. All cheques should be crossed "account payee". "This is ridiculous. It is inconvenient ... before. "The fact that all cheques are account payee is definitely an ill thought-out ... have been pre-printed with the "Account Payee Only" crossing." "Notification ...

Article: Aspiring engineers' counselling at IERT begins from today
The Hindustan Times;  July 11, 2007 ;     700+ words ... ... Counselling fees of Rs 500 is also to be paid in shape of an account payee demand draft in favour of Finance Officer, UP Technical ... allotment of seat the candidates are required to deposit an account payee bank draft as part of college/institute fee worth Rs 15 ...

Article: INDIA TENDER - COAL HANDLING PLANT PACKAGE.
AsiaPulse News;  January 16, 2007 ;     700+ words ... ... 22500 US$500 (Non refundable) in the form of a Crossed Account Payee Demand Draft in favour of "NTPC Limited", New Delhi payable ... Bid Security: Rs. 41452000.00 in the form of a Crossed Account Payee Demand Draft in favour of "NTPC Limited", New Delhi payable ...