Etymology:
The word "cheque" originates from the Middle French word "eschec," which means "check." It ultimately derives from the Persian word "shah," meaning "king," through Arabic.
Meaning:
A cheque is a written order directing a bank to pay a specified sum of money from the drawer's account to the payee. It is a type of negotiable instrument.
Origin:
The concept of a cheque as a payment method can be traced back to ancient times. However, the modern form of the cheque emerged in the 17th century in England.
In 1640, London goldsmiths began accepting deposits from customers and issuing receipts acknowledging the deposit. These receipts could be transferred to other parties, who could then present them to the goldsmith for payment. Over time, these receipts became known as "goldsmith's notes" and evolved into the cheques we use today.
The Bank of England introduced the first standardized cheque form in 1717, which helped to establish the cheque as a widely accepted payment method.
Usage:
Cheques are used in many countries around the world as a convenient and secure way to make payments. However, their use has declined in recent decades due to the rise of electronic payment methods, such as credit cards and debit cards.
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Vernacular Etymology Meaning A folk or common sense etymology that is not based on histo
