certified check

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Related to Cashier's Checks: Official check

Certified check

A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Shortly after getting involved, the purported former husband mailed the attorney a cashier's check, drawn on a Canadian bank, for $215,000, and the attorney deposited it into his trust account.
(108) Hughes' evidence that the "official checks" were the "same as cash" is far from saying that they had "cleared" or were "good," and more likely refers to the expedited funds availability requirement that rewards cashier's checks for their traditional reliability.
The terms of the agreement were "c.o.d cashier's check," and the product was delivered by a common carrier.
The Wyoming cashier's check turned out to be fraudulent.
The counterfeit items display the bank's correct routing number 082901596, and are similar to authentic cashier's checks, the bank said.
The counterfeit items display the routing number 082901596, which is assigned to the First State Bank of Warren, and are similar to authentic cashier's checks. The counterfeit items include security statements within the top and bottom borders, a security padlock embedded in the right border and the appearance of a "VOID" background when the items are copied.
Payment by cashier's check or money order only; allow four to six weeks for delivery.
Those involving money orders, cashier's checks, regular checks or wire transfers are exempt because they leave a paper trail that can be documented and traced.
The cashier's check scam works because banks typically permit the immediate disbursement of funds based on a cashier's check before it is finally settled, and because Bar Rule 5-1.1(j) holds that cashier's checks carry a "limited and acceptable risk of failure" and are allowed to be disbursed before they are "finally settled, and credited to the lawyer's trust account."
The counterfeit First Security cashier's checks have been associated with a different type of con game known as an overpayment scam.
Shortly after making a demand for payment, the lawyer receives cashier's checks drawn on an Ohio bank.
warned that counterfeit cashier's checks bearing the name of the Bank of Eureka Springs were in circulation, the FDIC warned that another counterfeit check is making the rounds.