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| author | leoglossary |
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| permlink | leoglossary-check-cheque |
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| title | "LeoGlossary: Check (Cheque)" |
|---|
| body | "<center>[How to get a Hive Account](https://leofinance.io/@leoglossary/leoglossary-how-to-create-a-hive-account)</center>
___
The word "check" can have several meanings and uses depending on the context. Here are some of the most common uses for the word "check":
1. To examine or verify: To "check" something means to examine it carefully to ensure that it is correct, accurate, or safe. For example, you might "check" your [bank](https://inleo.io/@leoglossary/leoglossary-bank) [account balance](https://inleo.io/@leoglossary/leoglossary-account-balance) before making a large [purchase](https://inleo.io/@leoglossary/purchase).
2. To stop or halt: To "check" something means to stop it from moving or continuing. For example, you might "check" your speed while driving if you see a [police](https://inleo.io/@leoglossary/leoglossary-police-law-enforcement) officer on the side of the road.
3. To restrain or [hold](https://inleo.io/@leoglossary/leoglossary-hold) back: To "check" something means to keep it under control or prevent it from getting out of hand. For example, you might "check" your temper if you feel yourself getting angry.
4. To confirm or verify: To "check" something means to make sure that it is true or accurate. For example, you might "check" the [weather](https://inleo.io/@leoglossary/leoglossary-weather) forecast before planning a picnic.
5. To inspect or examine: To "check" something means to look at it carefully to ensure that it is in good condition. For example, you might "check" your car's tires before a long road trip.
6. To mark or indicate: To "check" something means to make a mark next to it to indicate that it has been examined or approved. For example, you might "check" items off a to-do list as you complete them.
7. To play a game of chess: To "check" is also a [term](https://inleo.io/@leoglossary/leoglossary-term) used in the game of chess, where one player's king is threatened with capture on the next move.
## Finance
An instrument that tells a [financial institutions](https://leofinance.io/@leoglossary/leoglossary-financial-institution) such as a [bank](https://leofinance.io/@leoglossary/leoglossary-bank) to pay a certain amount of [money](https://leofinance.io/@leoglossary/leoglossary-money), drawn on a particular account to another the person the [check](https://inleo.io/@leoglossary/leoglossary-check-cheque) is issued to. The receiver of the **check** might have an [account](https://inleo.io/@leoglossary/leoglossary-account) at another bank or [credit union](https://leofinance.io/@leoglossary/leoglossary-credit-union), to the institution is told where to send the [money](https://inleo.io/@leoglossary/leoglossary-money) when the check is [deposited](https://leofinance.io/@leoglossary/leoglossary-deposit).
Once the check is presented, the second institution notifies the one where the check is drawn of where to transfer the money. In this era, no money is actually sent since banking is [ledger](https://leofinance.io/@leoglossary/leoglossary-ledger) based. The [settlement](https://inleo.io/@leoglossary/leoglossary-settlement-financial) is handled at the reserve level which is nothing more than [accounting](https://leofinance.io/@leoglossary/leoglossary-accounting).
In the banking and financial industry, a "check" is a written order from a bank [customer](https://inleo.io/@leoglossary/leoglossary-customer) to their bank to pay a specific amount of money from their account to another person or organization. When a check is written, it is typically made out to a specific [payee](https://inleo.io/@leoglossary/leoglossary-payee), who can then [deposit](https://inleo.io/@leoglossary/leoglossary-deposit) or [cash](https://inleo.io/@leoglossary/leoglossary-cash) the check at a bank or [financial institution](https://inleo.io/@leoglossary/leoglossary-financial-institution).
When a check is deposited or cashed, the bank will verify that the account has sufficient [funds](https://inleo.io/@leoglossary/leoglossary-fund) to cover the amount of the check. If there are sufficient funds, the bank will transfer the funds from the customer's account to the payee's account or provide the payee with cash.
Checks are a common and convenient way to transfer funds between parties without the need for physical cash. They are also a useful tool for [businesses](https://inleo.io/@leoglossary/leoglossary-business) and individuals who need to make large [payments](https://inleo.io/@leoglossary/leoglossary-payment) or payments to multiple parties.
However, checks can also be subject to [fraud](https://inleo.io/@leoglossary/leoglossary-fraud) or theft, so it is important to take steps to protect yourself and your accounts. This may include keeping your checkbook and blank checks secure, monitoring your account activity regularly, and reporting any suspicious or unauthorized [transactions](https://inleo.io/@leoglossary/leoglossary-transaction) to your bank as soon as possible.
## History
The [history](https://inleo.io/@leoglossary/leoglossary-history) of checks can be traced back over 3,000 [years](https://inleo.io/@leoglossary/leoglossary-year) to ancient civilizations such as Egypt and Mesopotamia. However, the modern system of checks that we are familiar with today did not emerge until much later.
The first known use of checks in the modern sense was in the Roman Empire, where they were used to transfer funds between individuals and businesses. These early checks were typically made out of clay tablets or pieces of papyrus, and were used to transfer funds between bank accounts.
However, the use of checks did not become widespread until the Middle Ages, when banks in Italy began to use them as a way to transfer funds between their customers. These early checks were typically handwritten and required the bank to physically transfer funds from one account to another.
The use of checks continued to grow throughout the [centuries](https://inleo.io/@leoglossary/leoglossary-century), and by the 18th and 19th centuries, checks had become a common way to transfer funds in Europe and North America. During this [time](https://inleo.io/@leoglossary/leoglossary-time), checks were typically printed on paper and required the [signature](https://inleo.io/@leoglossary/leoglossary-signature-hive) of the [account holder](https://inleo.io/@leoglossary/leoglossary-account-holder) to be considered valid.
In the 20th century, the use of checks continued to grow, and by the mid-1900s, checks had become one of the most common methods of transferring funds. However, in recent years, the use of checks has declined somewhat due to the rise of electronic payment methods such as [online banking](https://inleo.io/@leoglossary/leoglossary-online-banking), mobile payments, and [debit](https://inleo.io/@leoglossary/leoglossary-debit) and [credit cards](https://inleo.io/@leoglossary/leoglossary-credit-card).
Despite this, checks remain a popular and convenient way to transfer funds, particularly for large or complex transactions. Today, checks are still widely used in many countries around the [world](https://inleo.io/@leoglossary/leoglossary-world), and are expected to remain a key part of the financial system for the foreseeable future.
#### General:
* [What Is Leo](https://inleo.io/@leoglossary/leoglossary-what-is-leofinance)
* [What is Hive](https://inleo.io/@leoglossary/leoglossary-what-is-hive)
Posted Using [InLeo Alpha](https://inleo.io/@leoglossary/leoglossary-check-cheque)" |
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| 1. | | from | d3jus |
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| to | honey-swap |
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| memo | {"id":"ssc-mainnet-hive","json":{"contractName":"hivepegged","contractAction":"buy","contractPayload":{}}} |
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| 1. | | voter | nayha23 |
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| author | sunshine29 |
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| permlink | amazing-drinks-contest-a-toast-61850ff7c51e8 |
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| transaction_num | 14 |
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| ref_block_prefix | 1,909,835,075 |
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| expiration | 2024-03-28 14:14:21 |
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| 1. | | voter | bojan-bee |
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| author | sunshine29 |
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| permlink | amazing-drinks-contest-a-toast-61850ff7c51e8 |
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| 16. | | ref_block_num | 22,174 |
|---|
| ref_block_prefix | 1,909,835,075 |
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| expiration | 2024-03-28 14:14:21 |
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| 1. | | voter | foodfightfriday |
|---|
| author | sunshine29 |
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| permlink | amazing-drinks-contest-a-toast-61850ff7c51e8 |
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| weight | 10,000 |
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| 1. | | voter | wwewec |
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| ref_block_prefix | 1,909,835,075 |
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| ref_block_prefix | 1,909,835,075 |
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| 1. | | voter | art-curator |
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| json | {"version":"1.1","medium":"podcast","reason":"update","iris":["https://feeds.buzzsprout.com/2319815.rss"],"timestampNs":1711635195118205184,"sessionId":11079239584634810774} |
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| 1. | | required_auths | [] |
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| 1. | | required_auths | |
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| required_posting_auths | [] |
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| 1. | | required_auths | |
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| 1. | | required_auths | |
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| 28. | | ref_block_num | 22,174 |
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| ref_block_prefix | 1,909,835,075 |
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| 1. | | required_auths | |
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| 1. | | required_auths | [] |
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| 1. | | required_auths | |
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|---|
| operations | | 0. | | 0. | custom_json |
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| 1. | | required_auths | |
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| required_posting_auths | [] |
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| id | ssc-mainnet-hive |
|---|
| json | [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"32cee90fa6bbe2366937d743c5f94bbebc178ebe"}}] |
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|
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|
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| extensions | [] |
|---|
| signatures | | 0. | 205fc03dcd0374bf4fb6bdc71f4f3968c082b7e142a6f2b6cc70b9c4560169c8094fc2ca8c09ee80069afdd428b2ae7fe7c6745d9f596465644cffc8f16d267fc4 |
|---|
|
|---|
| transaction_id | 5f40e4182170a7d87078c269d63c5c4eb7051c41 |
|---|
| block_num | 84,039,327 |
|---|
| transaction_num | 32 |
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hiveblocks