Graham Harrison
2011-12-30 19:35:02 UTC
I receive a dividend from a Canadian company. For their own reasons they
cannot/will not pay me via BACS so I receive what I've always thought of and
treated as a cheque. The document is drawn on a UK bank, in GBP, with
sort-code, account number, cheque number and I pay it in to my bank just
like any other cheque. So I've always worked on the basis "It walks like a
duck, quacks like a duck etc..."
A new cheque appeared today and I noticed it had the following wording on it
(small print!). It may well have been there on previous cheques and I
never noticed it:
"If not presented within TWELVE MONTHS this warrant must be returned for
verification."
So what, if anything, is the difference between a warrant and a cheque or is
one a form of the other?
cannot/will not pay me via BACS so I receive what I've always thought of and
treated as a cheque. The document is drawn on a UK bank, in GBP, with
sort-code, account number, cheque number and I pay it in to my bank just
like any other cheque. So I've always worked on the basis "It walks like a
duck, quacks like a duck etc..."
A new cheque appeared today and I noticed it had the following wording on it
(small print!). It may well have been there on previous cheques and I
never noticed it:
"If not presented within TWELVE MONTHS this warrant must be returned for
verification."
So what, if anything, is the difference between a warrant and a cheque or is
one a form of the other?