The check
What is a check ————– It is a written instrument according to a specific form that includes an order issued by the drawer (the issuer) to the drawee (the bank) to pay a certain amount to the order of a third person called the beneficiary or its bearer upon perusal. Types of check ————- (A) The crossed check ———- It is not permissible to cash it except to the bank, meaning that the beneficiary is one of the banks, that is, it is not permissible to fulfill the crossed check for its bearer. Certified check —————— is a regular check presented to the drawee bank to sign it with a credit exchange, and this is only possible if the bank confirms the sufficiency of the balance and the drawee bank becomes obligated to fulfill its value to its bearer and freeze the balance in favor of the beneficiary