See Also: MEMORANDUM CHECK(law)
memorandum(dictionary)
MEMORANDUM(law)
memorandum(dictionary)
Memorandum(finance)
Information memorandum(money)
Debit Memorandum(money)
Offering memorandum(finance)
Investment Memorandum(money)
Memorandum of understanding(finance)

MEMORANDUM CHECK (law)


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 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, 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 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, third person, it will be valid in his hands, like any other check. 11 Paige, R. 612. R. 612.