certified check


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Related to certified check: certified cheque

Certified check

A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.

Certified Check

A check whose payment is guaranteed by a bank. In exchange for a fee, a bank issues a certified check to a person, who is very often both the payer and the payee. That is, a person gives the bank the amount for which the certified check is written, either in cash or by deducting the appropriate amount from the payer's account; the bank then makes the check payable to that person. The person may cash the check at any bank, or deposit it at a different bank without being subject to a check hold. A certified check is also known as a registered check or banker's draft. See also: Traveler's cheque, Commercial draft.

certified check

A check that a financial institution draws on an individual's account and then certifies to indicate that sufficient funds are available to cover the amount of the check when cashed.

certified check

A check drawn on the bank customer's account,with the customer as the drawer and the check certified by the bank as payable.

References in periodicals archive ?
If stated otherwise, the Bidder shall submit with the bid a certified check, cashier%s check or bid bond in the amount of ten percent (10%) of the total bid, but not in excess of $20,000.
Certified Check/cash: If Bidder Submits A Certified Check Or Cash As A Bid Bond, Is The Successful Bidder, And Chooses To Provide A Payment Bond From Contract Earnings, The Following Formula Shall Apply.
Surety in the form of a Bid Bond, Certified Check or Cashier%s Check in the amount of 10% of the total bid, but not to exceed $20,000.
A cashier's or certified check in the amount of $37,500 is required to bid on day of auction.
00 your bid must have been accompanied by an acceptable bid bond, certified check or cashier%s check in the amount of $500.
BID BONDS, CERTIFIED CHECKS OR CASHIER%S CHECKS (SEE BID FORM) When required each bid shall be accompanied by a bid bond signed by a surety company authorized to do business in Connecticut or by a cashier%s check or 6 certified check made payable to the Town of Groton.
Bid Surety Each offer shall be accompanied by a bid bond, cashier%s check or certified check in the amount of 5% of the total offer.
Bids must be accompanied by a certified check, cashier%s check or bid bond for 10% of the total amount of the bid, but not to exceed $20,000, made payable to the township of Aberdeen.
A certified check will be required in order to bid at the auction.
Bids must be accompanied by a bidder%s bond, cashier%s check or certified check in the amount of Three Thousand Dollars ($3,000.
Potential buyers should be prepared with a certified check for a deposit.
Bid Bond Or Certified Check Required In The Amount Of $2,500.

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