ZERO BALANCE ACCOUNT TRANSACTIONS
HISTORICALLY HUMANS ARE CONSIDERED PROPERTY OF MAN
FIAT ASSET CURRENCY BACKED BY HUMAN RESOURCES
Negotiable instruments are transferable, which allows the recipient to take the funds capital or stock certificate property as a asset currency , then use them as preferred. Negotiable instruments include checks which are correspondent ciphers of bank notes, also money orders, promissory notes, bills of exchange or domestic demand drafts.
Cash is properly silver and gold intrinsic value cash money, but since the institution of banks, it denotes also bank notes equivalent and redeemable in silver and gold intrinsic value cash money.
In the United States, silver and gold cash money is not in circulation, and neither are bank notes.
What circulates in the U.S. today is a fiat asset currency authorized by the national government, as or like a legal tender of the state that has the full faith and credit belief, based on human resources debt and obligations instead of an honest silver and gold intrinsic value cash money.
Whereas, one dollar in a non-interest bearing Promissory Federal Reserve Note, and one dollar in an interest-bearing collateral security promissory note, book-entry deposit are freely convertible into each other, and both can be used directly for expenditures, they are as money in equal degree.
The actual process of non-interest bearing Promissory Federal Reserve Notes creation takes place primarily in banks, from interest-bearing collateral security promissory notes, bills of exchange, drafts and acceptances, acquired under section 10A, 10B, 13, 13A and 14 of the Federal Reserve Act of 1913, enacted by Congress, in lieu the adopted Uniform Commercial Code of the States.
HUMAN - "BELONGING TO MAN; human voice; human shape; human nature; human knowledge; human life."
"American Dictionary of The English Language" Noah Webster 1828
CHECK MEANS TO RESTRAIN
Check (cheque) is a written order to a beneficiary member bank from an account holder in due course, to disburse a sum from fiat currency to payment order or to the entity named in the writing.
A check which is a correspondent cipher of a banknote, is a bill of exchange, usually a negotiable instrument, that orders a beneficiary member bank to deliver on demand a specified denomination of funds-short term money market negotiable instruments- to the natural-legal person or entity named in the instrument, or to payment order, as to cash into Federal Reserve Note.
A check is drawn by an authorized representative drawer (seller) on the beneficiary member bank drawee (buyer) and is made payable to the payee, who is credited from the security purchase.
The regulation of the movement of a check which is a correspondent cipher of a banknote, from the moment it is drawn, until the last payment is made through all of the participating banking institutions is generally under Sections Three and Four of the Adopted Uniform Commercial Code.
Money orders or other negotiable instruments that perform this function are in fact checks.
The term check comes from the same route as the check in chess, in which the movement of something is stopped or controlled: the early check (restraint of trade) was a paper in which a portion was removed as a tally or (deposit) receipt.
Upon a check book-entry deposit into an account receivable, for expansion of ten times the face, it is purchased and credited into an account payable.
THE WOLTERS KLUWER BOUVIER LAW DICTIONARY