We've got 0 shorthands »

Acronyms that contain the term cheque guarantee card 

What does cheque guarantee card mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: cheque guarantee card.

We couldn't find any results for your search.

Couldn't find the right meaning of cheque guarantee card?
Maybe you were looking for one of these abbreviations:

CHENKAI, CHENS, CHEO, CHEP, CHEPS, CHER, CHERC, CHERISH, CHERUB, CHERY

... or use our Power Search technology to look
for more unique definitions from across the web!

Search the web

What does cheque guarantee card mean?

Cheque guarantee card
A cheque guarantee card was essentially an abbreviated portable letter of credit granted by a bank to a qualified depositor in the form of a plastic card that was used in conjunction with a cheque. The scheme provided retailers accepting cheques with greater security. The retailer would write the card number on the back of the cheque, which was signed in the retailer's presence, and the retailer verified the signature on the cheque against the signature on the card. The cheque could not be stopped and payment could not be refused by the bank. Each bank would set a limit on the maximum amount of an individual cheque that could be guaranteed. The guarantee only applied to cheques drawn on an account provided by the bank that issued the card, and could result in an overdraft with penalty interest on the cardholder. After the introduction of debit cards there was a rapid decline in the use of cheques and of cheque guarantee cards, and these facilities were generally phased out during the 2000s in the countries that operated them. The Irish cheque guarantee scheme officially ended on 31 December 2011, ending the last such scheme in existence.

see more »

Discuss these cheque guarantee card abbreviations with the community:

0 Comments

    Know the definition for cheque guarantee card? Know the meaning of cheque guarantee card? Don't keep it to yourself!

    Citation

    Use the citation options below to add these abbreviations to your bibliography.

    Style:MLAChicagoAPA

    "cheque guarantee card." Abbreviations.com. STANDS4 LLC, 2021. Web. 18 Oct. 2021. <https://www.abbreviations.com/cheque%20guarantee%20card>.

    Quiz

    The ultimate acronym test

    »
    DIY
    • A. Drink It Yourself
    • B. Damage It Yourself
    • C. Don't Injure Yourself
    • D. Do It Yourself

    Browse Abbreviations.com

    Free, no signup required:

    Add to Chrome

    Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!