- Checkless Society
- A hypothetical term that embraces the notion of a world that processes all financial transactions electronically. This would eliminate the need for any kind of paper transaction, as everything would be done via computer. A checkless society is the ultimate goal of many major banks and lending institutions.
The current transition to a checkless society has not been as fast and easy as many had anticipated. It has taken decades for many older customers to warm up to current automated services, such as ATMs and debit cards. Some even view a checkless society with apprehension, as this type of society is described in biblical prophecy in the book of Revelation.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
checkless society. — See cashless society. * * * … Universalium
checkless society. — See cashless society … Useful english dictionary
cashless society — a society in which purchases of goods or services are made by credit card or electronic funds transferral rather than with cash or checks. Also called checkless society. [1970 75] * * * … Universalium
cashless society — a society in which purchases of goods or services are made by credit card or electronic funds transferral rather than with cash or checks. Also called checkless society. [1970 75] … Useful english dictionary
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