When a cheque status is carved what does that mean?

liigo Business 56

  Can a crossed cheque be endorsed?

  "Account Payee" Cheque cannot be endorsed. only payee of the

  cheque is entitled to get credit of the amount i.e., the amount

  will be credited to his account only. However if it is "Not

  Negotiable" crossing it does not mean that the cheque can not be

  transferred further it can still endorsed but the transferee will

  not get better title than the transferor.

Related Q&A:

When a cheque status is carved what does that mean?

Oh, well, when a cheque status is \carved,\ that's a bit of an odd way to put it. But I think what you might mean is when the status of a cheque is marked or noted down. Usually, it could mean that some information about the cheque, like whether it's cleared, bounced, or in some other processing stage, has been recorded. Maybe it's been entered into a system or written down somewhere for tracking purposes. So, it's all about having a record of where that cheque stands in the financial transaction process. Does that make sense to you?