An outstanding check is a check payment that is written by someone but has not been cashed or deposited by the payee. The payor is the entity who writes the check, while the p… See more

One of the ways of making payment for a transactionis by check. A check is a financial … See more

Outstanding checks aren't necessarily inherently bad; however, there are some risks and downsides to have checks linger. An overdraft occurs when the account holder who … See more

There are actually some benefits to have checks outstanding as well, though. Writing checks makes it possible for organizations and individuals to make payments without requiring in… See more