Definition: A draft directing a bank to pay money to a named person or entity.

Alright class, settle down and let’s take a peek, At a word that’s common, simple and sleek! We’re talking about “cheque,” it's quite the treat, Let’s break it down, make sure you can repeat. The dictionary gave us a helpful line, “A draft directing a bank to pay money fine!” Now let’s unpack that, nice and slow, So the meaning really starts to grow. Think of it like this, a written plea, For funds from your account, you see! It's an order to the bank, clear and bright, To transfer money, just right! “Draft” is important – it’s a formal request, A promise made, put truly to the test. "Named person or entity," that's who you see, The one who gets the money, happily! So, a cheque is basically a written note, To tell the bank where your money should float. Got it? Wonderful! Let’s move on with glee, Now let's practice using cheques for you and me! 😊

Definition: Exchequer is a type of public or private fund, created by central government for the purpose of collecting and spending revenue from taxes on goods and services. The exact definition depends on the country but generally means: - A governmental fund that collects and spends funds, often raised through taxation or other sources. - A separate fund from which the government can pay its own expenses without increasing public debt levels. In modern times, a "exchequer" is commonly used to denote any budgetary control function in an organization. For example: The "Exchequer Department" of a governmental agency handles the fiscal affairs and collects revenue for the government.

exchequer