Checking Traditional Cache
pbandjerm: Good run. Thanks to all that found. Apologies to those that didn't
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(regular)
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You cannot access the cache from 169.
Jerm works at a bank and thought this would be fitting.
The check had its origins in the ancient banking system, in which bankers would issue orders at the request of their customers, to pay money to identified payees. Such an order was referred to as a bill of exchange. The use of bills of exchange facilitated trade by eliminating the need for merchants to carry large quantities of currency (e.g. gold) to purchase goods and services. A draft is a bill of exchange which is not payable on demand of the payee. (However, draft in the U.S. Uniform Commercial Code today means any bill of exchange, whether payable on demand or at a later date; if payable on demand it is a "demand draft", or if drawn on a financial institution, a check.)
The ancient Romans are believed to have used an early form of check known as praescriptiones in the first century BC. During the 3rd century AD, banks in Persia and other territories in the Persian Empire under the Sassanid Empire issued letters of credit.
Fragments found in the Cairo Geniza indicate that in the 12th century check remarkably similar to our own were in use, only smaller to save costs on the paper. They contain a sum to be paid and then the order "May so and so pay the bearer such and such an amount". The date and name of the issuer are also apparent.
Between 1118 and 1307, it is believed the Knights Templar introduced a check system for pilgrims traveling to the Holy Land or across Europe.[6] The pilgrims would deposit funds at one chapter house, then withdraw it from another chapter at their destination by showing a draft of their claim. These drafts would be written in a very complicated code only the Templars could decipher.
In the United States, checks are governed by Article 3 of the Uniform Commercial Code.
* An order check — the most common form in the United States — is payable only to the named payee or his or her endorsee, as it usually contains the language "Pay to the order of (name)."
* A bearer check is payable to anyone who is in possession of the document: this would be the case if the cheque does not state a payee, or is payable to "bearer" or to "cash" or "to the order of cash", or if the cheque is payable to someone who is not a person or legal entity, e.g. if the payee line is marked "Happy Birthday".
* A counter check is a bank check given to customers who have run out of checks or whose checks are not yet available. It is often left blank, and is used for purposes of withdrawal.
In the United States, the terminology for a check historically varied with the type of financial institution on which it is drawn. In the case of a savings and loan association it was a negotiable order of withdrawal; if a credit union it was a share draft. Checks as such were associated with chartered commercial banks. However, common usage has increasingly conformed to more recent versions of Article 3, where check means any or all of these negotiable instruments. Certain types of checks drawn on a government agency, especially payroll checks, may also be referred to as a payroll warrant.
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