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Tags: banking, payment instruments
Categories: Economics & Finance
A cheque which is paid to a named person with the words ‘or order’ after the payee’s name, showing that he or she can endorse it and pass it to someone else if desired
(source: http://www.investorwords.com/10485/order_cheque.html#ixzz26FyDm9oq)
Synonyms:
order check (US), named cheque
