Which part of a check provides a place for you to write the purpose of the check?

The answer is the memo line. The memo line, which is commonly found on the bottom left corner of a check is the part of a check, which provides a space for an individual to write a note or a reminder, that lets the individual be reminded of the check’s purpose or for what purpose the check was made of. The owner of the check can see the copy of the check online in his bank account, wherein he or she can be reminded of its purpose.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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