All > Business > Finance > Personal Finance

• A written order instructing a financial institution to pay immediately on demand a specified amount of money from the member's account to the person named on the check or, if a specific person is not named (e.g. written to “Cash”), to whoever bears the check to the institution for payment.

  National Credit Union Administration - Cite This Source - This Definition
  ×

  Cite Definition for Check (Share Draft)

  American Psychological Association (APA)

  Check (Share Draft). (n.d.). Pocket Cents Glossary. Retrieved November 30, 2022, from website: http://www.expertglossary.com/definition/check-share-draft.

  Chicago Manual of Style (CMS)

  Check (Share Draft). www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/check-share-draft (accessed: November 30, 2022).

  Modern Language Association (MLA)

  "Check (Share Draft)." Pocket Cents Glossary. National Credit Union Administration. 30 November. 2022 http://www.expertglossary.com/definition/check-share-draft.

• Browse Related Terms: Asset Management Account, Check (Share Draft), Customer Identification Program (CIP), Debit, Direct Deposit, Electronic bill payment, Electronic Check Conversion, Electronic funds transfer, Electronic Funds Transfer (EFT), Money order, Outstanding check, Preauthorized Payment, Stop payment, Stop Payment Fee, Sweep account