Why is a processed check called a "cancelled check"?
by 
AntigoneRising
ANSWERS: 3
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A check is an order to you bank to pay money to someone on your behalf. When they have paid the money, the order is cancelled so that they don't obey it a second time - which you presumably do not want. An uncancelled order is a valid order.
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Because it can no longer be used to transfer funds.
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We can not use that check to transfer funds..
officegirl 
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