telecheck

plural telechecks

1. A check (financial instrument) that is not written out and signed by the drawer, but verbally authorized over the telephone and then printed and stamped by the payee.

   Although very different laws apply, telechecks and electronic transfers may appear virtually the same to a consumer reading a bank statement.

   2008, Carolyn L. Carter, Jonathan A. Sheldon, Unfair and deceptive acts and practices, page 357

   1 more example

   The court had to decide if a "telecheck" had been "signed" by the purported "drawer," and in doing so the court had to determine whether a "telecheck" is a negotiable instrument[…]

   2003, Daniel V. Davidson, Brenda E. Knowles, Lynn M. Forsythe, Business law: principles and cases in the legal environment, page 498

   Synonyms: demand draft