Answer:
The order cheque is the one wherein the word bearer is canceled on the cheque. As the word bearer gets canceled the cheque automatically becomes an order cheque. An order cheque is paid to the payee across the bank's account. The identification of the payee is insisted on by the bank while presenting an order cheque.
Essential characteristics of a cheque
It must be in writing: A cheque must be in writing. ...
It should be drawn on banker: It is always drawn on a specified banker. ...
It contains an unconditional order to pay: A cheque cannot be drawn so as to be payable conditionally.
