memorandum check
A check that a borrower gives to a lender for the amount of a short-term loan, with the understanding that it is not to be presented for payment but will be redeemed by the borrower when the loan falls due.
A check that a borrower gives to a lender for the amount of a short-term loan, with the understanding that it is not to be presented for payment but will be redeemed by the borrower when the loan falls due.
memorandum check 备忘支票 债务人向债权人开具的用以偿还债务的支票,该支票不能向银行要求兑付,而是由债务人在支票到期日向债权人偿还借款,在该支票的票面上记载「备忘」〔Mem.〕字样。