Quick Answer: What Is Meant By Crossing?

What is difference between bearer Cheque and crossed Cheque?

The bearer cheque does not contain the name of the payee and is payable to the person who presents it at the bank.

In case of crossed cheque, the name of the individual is already mentioned on the cheque.

So, the money is paid to the specified person only.

Bearer cheques are not safe and can be misused if lost..

What is crossing and types of crossing?

General Crossing – cheque bears across its face an addition of two parallel transverse lines. Special Crossing – cheque bears across its face an addition of the banker’s name. Restrictive Crossing – It directs the collecting banker that he needs to credit the amount of cheque only to the account of the payee.

What is another word for crossing?

In this page you can discover 99 synonyms, antonyms, idiomatic expressions, and related words for crossing, like: bridge, intersection, overpass, underpass, crossway, crosswalk, crossroad(s), interchange, cloverleaf, exchange and passage.

What are the types of crossing?

Types of CrossingPedestrian Refuges (or Islands) For pedestrians:Pegasus Crossing. Equestrian crossings are a popular way of creating a relatively safe means of crossing roads, and are often cheaper and more practical than creating a subway or bridge. … Zebra Crossings. Pedestrians:Pelican Crossings. … Puffin Crossings. … Toucan Crossings.

What are the various types of crossing?

Here are different types of cheque crossings and their effects;General Cheque Crossing. Under general cheque crossing, the crossing is done by drawing two parallel transverse lines across the cheque. … Special Cheque Crossing. … Restrictive Crossing or Account Payee’s Crossing. … Not Negotiable Crossing.

What is a special crossing?

Special crossings during takeovers and buybacks and trades with price improvement. … Any type of crossing that meets the definition of a block trade or a large portfolio trade, and that is entered into other than by matching of orders on an order book of ASX or Chi-X, is a special crossing.

What does cross roads mean?

1 : a road that crosses a main road or runs cross-country between main roads. 2 usually crossroads\ ˈkrȯs-​ˌrōdz also -​ˈrōdz \ plural in form but singular or plural in construction. a : the place of intersection of two or more roads. b(1) : a small community located at such a crossroads.

Can I cash someone elses Cheque?

A cheque can be cashed by someone other than the person named on the front of the cheque if they counter-sign it. Check with your financial institution to find out if they accept counter-signed cheques. Not all financial institutions accept them.

What is called banker’s Cheque?

A banker’s draft (also called a bank cheque, bank draft in Canada or, in the US, a teller’s check) is a cheque (or check) provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank.

What is meant by crossing of a Cheque?

A crossed check is any check that is crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check. This double-line notation signifies that the check may only be deposited directly into a bank account.

What is another word for bridge?

Synonyms forlink.overpass.platform.catwalk.extension.scaffold.span.viaduct.

What are the two types of Cheques?

Based on these essentials, we explore the different types of cheques in India.Bearer Cheque. A bearer cheque is the one in which the payment is made to the person bearing or carrying the cheque. … Order Cheque. … Crossed Cheque. … Open cheque. … Post-Dated Cheque. … Stale Cheque. … Traveller’s Cheque. … Self Cheque.More items…

What is the purpose of crossing Cheque?

Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque).

Which is the fastest mode of payment?

‘Real Time’ is the actual time at which the instructions are received and Gross Settlement is settling the funds transfer individually rather than in bulk or batches, as done in case of NEFT. RTGS is so far, the fastest mode of inter-bank funds transfer.

How many type of Cheque are there?

Only the payee, in whose name the cheque has been issued, can encash it. A cheque is only valid 3 months from the date it has been issued….Related Links:Government Exams 2020 Related LinksIBPS POSBI PO Salary4 more rows

What is the meaning of pedestrian crossing?

formal. : a marked path where people can safely walk across a street or road.

What is purpose of crossing?

Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque).

What does I’ll cross you mean?

adjective Angry or annoyed with someone. In this usage, “cross with” is a set phrase followed by a noun or pronoun. Of course I’m cross with you—you lied to me!

Are you cross with me meaning?

adjective Angry or annoyed with someone. In this usage, “cross with” is a set phrase followed by a noun or pronoun. Of course I’m cross with you—you lied to me!

What does it mean to cross someone?

To cross someone means to make someone angry. It can also mean to step on someone’s toes, as a result of which, that someone becomes angry with or of you. There’s also another way to express the same meaning: “Don’t cross swords with someone.”

What does it mean to cross yourself?

: to make the sign of the cross on one’s head and chest I crossed myself as I entered the church.