telecheck
nounEtymology From tele- + check.
1
A check (financial instrument) that is not written out and signed by the drawer, but verbally authorized over the telephone and then printed and stamped by the payee.
- The court had to decide if a "telecheck" had been "signed" by the purported "drawer," and in doing so the court had to determine whether a "telecheck" is a negotiable instrument[…]2003, Daniel V. Davidson, Brenda E. Knowles, Lynn M. Forsythe, Business law: principles and cases in the legal environment, page 498:
- Although very different laws apply, telechecks and electronic transfers may appear virtually the same to a consumer reading a bank statement.2008, Carolyn L. Carter, Jonathan A. Sheldon, Unfair and deceptive acts and practices, page 357:
- Synonyms
- demand draft