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Mohit

Mohit (Querist)
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21 September 2014 plz define " MARKED CHEQUE "

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 September 2014 A person may not like to part with goods in return for a cheque from a party not well known to him.in such context the banker on whom the cheques is drawn may be asked by the customers to mark the cheques as good for payment.this implies that cheque was drawn in good faith and on funds sufficient to meet it. A demand draft is also a kind of marked cheque.

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