This section is from the book "Banking, Credits And Finance", by Thomas Herbert Russell. Also available from Amazon: Banking, credit and finance (Standard business).
If you wish to draw a check to pay a note, write "Pay to the order of Bills Payable". If you wish to write a check to draw money for wages, write "Pay to the order of Pay Roll." If you wish to write a check to pay a draft which you are buying, write "Pay to the order of N. Y. Draft and Exchange" or whatever the circumstances may call for.
 
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