Correspondence cheque

Correspondence cheque

Cheque provided with a separate tearsheet designed for writing messages to the recipient or beneficiary.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

correspondence cheque

Banking; Investment banking

Cheque provided with a separate tearsheet designed for writing messages to the recipient or beneficiary.

cheque

Software; Operating systems

A written order on a bank to pay a sum of money from funds in an account. Checks show the name of the company or individual receiving payment, the signature and account number of ...

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Banking; Personal banking

A cheque is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually has a current account (most English speaking ...

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Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

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Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

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Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

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Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

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Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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