Void Cheque
Definition
- A check that cannot be deposited. In order to void a cheque, all one must do is write "VOID" on the face of the check, preferably in capital letters. Some employers require a void cheque in order for them to set up direct deposit for their employees. Voided cheques can also be used to set up automatic payments for a service.
Synonyms
voided cheque, revoked cheque, non-valid cheque
Alternate Spellings
revoked check, voided check, void check, non-valid check
Related Terms and Acronyms
- Blank Cheque — Definition,
- A cheque that does not have a dollar amount written on it.
- Certified Cheque (CC) — Acronym,
- A cheque that a bank guarantees will clear.
➥ Bank account transaction code. - Cheque (CK) — Acronym,
- A written order for payment of a certain amount of money.
➥ Bank account transaction code. - Document Needs List — Definition,
- An inventory of papers a lender needs to underwrite a loan, usually including pay-cheque stubs, bank statements and tax returns.
- NSF Cheque — Definition,
- If a cheque is returned for this reason, it means that there was not enough money in your bank account to cover the amount of the cheque. There is a fee to you if this situation occurs.
- Void — Definition,
- Of no legal effect. A nullity.
- Voidable — Definition,
- Where one party to a contract is entitled to rescind the contract at his/her option.
