What Is the Definition of a Third Party Check?

Answer

A third party check is a type of monetary documentation that offers payments of goods and services to another person. It can be withdrawn by another person other than the one stated on it. A third party check is often used in cases where the meant recipient has no bank account.
1 Additional Answer
A third party check is a check that is endorsed by its payee to another party who becomes the holder in due course.
Q&A Related to "What Is the Definition of a Third Party Check"
A third party check is when someone writes a check to someone else, and they endorse it and give it to you for you to cash, deposit in the bank, or use to pay for something.
http://answers.ask.com/Business/Finance/what_is_a_...
1. Turn the check over to enter information on the back. Enter all information beneath the words, "Endorse Check Here" and above the line reading, "Do Not Write, Stamp
http://www.ehow.com/how_7563062_endorse-check-thir...
a third party check is a check issued to, for example Jon Doe, and Jon Doe signs it over to Jane Doe that is a third party check
http://wiki.answers.com/Q/Who+are+3+parties+to+a+c...
1. check negotiated through a bank, except one payable to the writer of the check (that is, a check written for cash). The primary party to a transaction is the bank on which a check
http://www.answers.com/topic/third-party-check
Explore this Topic
The most common definition of third party checks refers to a check endorsed and negotiated by someone other than the check writer or original payee. Third party ...
A third-party check is one that is endorsed two people. Cashing these types of checks is often very difficult. Usually the best place to get a third-party check ...
A check endorsement to a third party is the process where someone puts in a signature, which authorizes a bank to give another person your money. An endorsement ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com