# Check Payment

**IRI:** https://folio.openlegalstandard.org/R54wZIS4Qj7j9089Oe2xh5

## Labels

**Alternative Labels:**

- Bill of Exchange

**Translations:**

- en-gb: Cheque Payment

## Definition

Check Payment involves transferring funds from one party to another by writing a physical or electronic check that authorizes the withdrawal of a specific amount from the payer’s bank account. It is a paper-based method of payment but can also exist in digital formats like e-checks.

## Sub Class Of

- https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

**Deprecated:** False