| 释义 |
Memorandum check
| a check given as an acknowledgment of indebtedness, but with the understanding that it will not be presented at bank unless the maker fails to take it up on the day the debt becomes due. It usually has Mem. written on its face. |
See also: Memorandum Memorandum check
MEMORANDUM CHECK. It is not unusual among merchants, when one makes a temporary loan from another, to give the lender a check on a bank, with the express or implied agreement that it shall be redeemed by the maker himself, and that it shall not be presented at the bank for payment. If passed to a third person, it will be valid in his hands, like any other check. 11 Paige, R. 612. |