What Is the Difference Between a Cheque Crossed as 'Not

question 30

Essay

What is the difference between a cheque crossed as 'Not Negotiable' and a cheque with a general crossing?

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Definitions:

Garnishment

A court order that monies owed to the judgment debtor (defendant) by third parties be paid into court and applied toward judgment debts; also known as attachment of debt.

Judgment Debtor

The person ordered by a court to pay damages or costs.

Funds

Financial resources, especially those available for a specific purpose or required to cover a specific debt or purchase.

Federal Government

The national government of a federal state, which shares sovereignty with its provinces, states, or other political subdivisions.