cheque-book

Vocabulary Word

Definition

A 'cheque book' is a collection of cheques provided by a bank to an account holder. Each cheque can be written by the account holder to make a payment towards an individual or a company, and the value of the cheque is debited from their bank account.

Examples in Different Contexts

In business transactions, a 'cheque book' serves as a critical tool for conducting payments, especially for B2B (business-to-business) dealings. A business owner might say, 'We use a cheque book for vendor payments to maintain a clear audit trail.'

Practice Scenarios

Business

Scenario:

We need to settle our payments with the outsourcing agency. Do we have sufficient funds in our current account?

Response:

Yes, we do have funds in the bank. We can use the cheque book to make the payment.

Operations

Scenario:

The repair works after the storm have been more costly than expected. Have we taken into account all possible ways to finance these expenses?

Response:

We've examined all options, and using the emergency cheque book seems to be the best way to cover these expenses.