29 entries
Account Payee Chequeएकाउन्ट पेयी चेक (खातामा मात्र)A crossed cheque marked "account payee" (खातामा मात्र), which the bank may pay only by crediting the account of the person named as payee.Cheques & InstrumentsBearer Chequeधारक चेक (बियरर चेक)A cheque payable to whoever presents it ("pay ... or bearer"), which can be transferred simply by handing it over.Cheques & InstrumentsBill Collectionबिल संकलनA service in which a bank, acting as agent of its customer, presents bills, cheques or documents to the paying party and collects the proceeds, without paying the customer in advance.Cheques & InstrumentsBill of Exchangeविनिमेयपत्रA signed written instrument containing an unconditional order by one person to another to pay a certain sum, on a fixed date, after a fixed period or on demand, to a specified person, that person's order, or the bearer (NI Act, 2034, Section 2(छ)).Cheques & InstrumentsCancelled Chequeरद्द गरिएको चेकA cheque marked as cancelled, usually with two lines and the word "CANCELLED" across it, so that it cannot be used for payment; often used only to show account details.Cheques & InstrumentsChequeचेकA bill of exchange drawn on a specified bank and payable on demand (Negotiable Instruments Act, 2034, Section 2(ज)).Cheques & InstrumentsCheque Bounce (Dishonour)चेक अनादर (चेक बाउन्स)Refusal by the drawee bank to pay a cheque, most commonly because the drawer's account has insufficient funds, but also for reasons such as signature mismatch, closed account or stop payment.Cheques & InstrumentsCheque Clearingचेक क्लियरिङ (चेक समाशोधन)The process by which a cheque deposited at one bank (presenting bank) is sent to the bank on which it is drawn (paying bank) for payment, and the resulting amounts are settled between the banks.Cheques & InstrumentsCheque Number and MICRMICRचेक नम्बर र एमआईसीआरMICR is the line of magnetic-ink characters printed at the bottom of a standard cheque that machines read automatically; it carries the cheque serial number, bank (member) code, branch code, account number and transaction code.Cheques & InstrumentsCheque Truncationचेक ट्रंकेसनStopping the physical movement of a cheque at the presenting bank and sending only its scanned image and data to the paying bank for clearing.Cheques & InstrumentsCrossed Chequeरेखाङ्कित चेकA cheque with two parallel lines across its face, which can be paid only to a banker (general crossing) or to the named banker (special crossing), not in cash over the counter.Cheques & InstrumentsDemand DraftDDड्राफ्ट (डिमान्ड ड्राफ्ट)A bill of exchange drawn by one office of a bank on another of its offices, payable on demand to a specified person or order (NI Act, 2034, Section 2(झ)).Cheques & InstrumentsDrawer, Drawee and Payeeड्रअर, ड्रयी र भुक्तानी पाउने व्यक्तिThe three basic parties to a bill of exchange or cheque: the drawer who writes it, the drawee who is directed to pay, and the payee who is to receive payment.Cheques & InstrumentsElectronic Cheque Clearing (ECC)ECCविद्युतीय चेक क्लियरिङ (ईसीसी)Nepal's image-based, MICR cheque processing and settlement system, operated by Nepal Clearing House Limited, in which cheque images and data, not paper cheques, move between banks.Cheques & InstrumentsEndorsementदरपीठSigning on the front or back of a negotiable instrument, or on an attached slip, for the purpose of negotiating it (NI Act, 2034, Section 2(थ)).Cheques & InstrumentsGood for Payment ChequeGFPगुड फर पेमेन्ट चेकA customer's cheque on which the drawee bank certifies, at the holder's request, that funds are available and reserved, so that payment is assured.Cheques & InstrumentsHolder in Due CourseHDCरीतपूर्वकको धारकA holder who obtained a negotiable instrument for value, in good faith, and before its date of payment, without sufficient reason to believe the transferor's title was defective (NI Act, 2034, Section 2(ण)).Cheques & InstrumentsManager's Chequeम्यानेजर्स चेक (बैंकर्स चेक)A cheque issued by a bank on itself, signed by its authorised officers, for an amount the customer has already paid to the bank, so that payment is assured.Cheques & InstrumentsMaterial Alterationमूलभूत केरमेटA change in an essential part of a negotiable instrument, such as the amount, date or payee, that alters its meaning, form or the parties' liability (NI Act, 2034, Section 61).Cheques & InstrumentsNegotiable Instrumentविनिमेय अधिकारपत्रA written instrument for payment of money that can be transferred by delivery or endorsement so that the transferee becomes the holder; under Nepal's NI Act, 2034 it means a promissory note and a bill of exchange, which includes cheques and drafts.Cheques & InstrumentsNot Negotiable Crossingविनिमेय गर्न नसकिने रेखाङ्कनA crossing that includes the words "not negotiable", so that a person taking the cheque cannot obtain or give a better title than the person from whom it was received (NI Act, 2034, Section 89).Cheques & InstrumentsNoting and Protestअनादर जनाउने र प्रमाणित गराउने (नोटिङ र प्रोटेस्ट)Noting is a notary public's record on a dishonoured instrument of the fact, date and reason of dishonour; protest is the notary's formal certificate of that dishonour, used as evidence (NI Act, 2034, Sections 71 to 77).Cheques & InstrumentsOrder Chequeअह्राएकोलाई भुक्तानी हुने चेक (अर्डर चेक)A cheque payable to a named person or to anyone that person orders, transferable only by endorsement and delivery.Cheques & InstrumentsPayment in Due Courseरीतपूर्वकको भुक्तानीPayment of the amount stated in a negotiable instrument to the person in possession of it, made in good faith and without negligence (NI Act, 2034, Section 2(त)).Cheques & InstrumentsPost-dated ChequePDCपोस्ट डेटेड चेक (अग्रिम मितिको चेक)A cheque bearing a date later than the date it is issued, which cannot be paid before that date.Cheques & InstrumentsPromissory NotePNप्रतिज्ञापत्रA signed written undertaking, other than a bank or currency note, by which the maker unconditionally promises to pay a certain sum on a fixed date or on demand to a specified person, that person's order, or the bearer (NI Act, 2034, Section 2(च)).Cheques & InstrumentsStale Chequeम्याद नाघेको चेक (स्टेल चेक)A cheque presented after its validity period has expired, counted from the date written on it, which banks will not pay.Cheques & InstrumentsStop Paymentभुक्तानी रोक्का (स्टप पेमेन्ट)A written instruction from the drawer asking the bank not to pay a specific cheque that has been issued but not yet paid.Cheques & InstrumentsTraveller's ChequeTCट्राभलर्स चेकA pre-printed, fixed-denomination cheque sold by a bank or issuer for use while travelling, signed once at purchase and again when encashed, and refundable if lost or stolen.Cheques & Instruments