A type of cheque that is written on behalf of an individual and will be charged against a large well-known financial institution or credit card sponsor's account,but has no payee designated on the cheque is called a

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The description matches that of a traveller's cheque, which is a secure and widely accepted form of payment when traveling internationally. The lack of payee designation adds to the security of the cheque, as it can be replaced if lost or stolen.

A Type of Cheque That Is Written on Behalf of an Individual