certified check

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Related to Certified Checks: 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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 ?
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 Certified Check Made Payable To The Town Of Groton.
If the Base Bid or the Base Bid plus the sum of any alternates fall into the criteria above requiring a Bid Bond, the bidder shall enclose a Certified Check or Bid Bond with each bid.
All bids must be accompanied by a certified check, bidders bond, or cash in an amount of at least 10% of the amount bid.
Bid Surety: A Certified Check, Cashiers Check or Bid Bond in the amount of $5,000.00 must accompany each pro- posal, made payable to the Town of Stratford.
*A Certified Check or a Cashiers Check, in the stated dollar amount of not less than 5% of proposed dollar amount.
* Bid Bond or Cashier%s Check: When required on the Bid cover sheet, each Bid shall be accompanied by a Bid bond signed by a surety company licensed to do business in the State of Maryland, or by cashier%s check, certified check or Treasurer%s check drawn on a responsible bank doing business in the United States in the amount of five percent (5%) of the total Bid and shall be made payable to the Board of Garrett County Commissioners.

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