May 28, 2014 10:50 AM

Re: Will Bed: The only thing I don't get is when Pete Daoust says “CASH as a beneficiary”..?

Have you ever written a cheque, where on the top line, instead of writing a 'name' as the beneficiary, yo have made the cheque out to 'cash?'

Then, when the cheque is presented at the bank, instead of the corresponding amount being entered into an account, the cashier hands back cash across the counter in exchange for the cheque.

That's the mechanics as I comprehend it.