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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 ?
Postal Money Orders are acceptable in lieu of certified checks.
When going to an auction, Martin advised the potential bidder should come with certified checks to cover the downpayment on the initial bid and have on hand incremental checks to cover downpayments up to the highest amount the bidder is willing to pay.
Certified checks should be made payable to City Treasurer, City of Kingsport.
ESNY provides bonded independent security for escrow deposits, assuming direct responsibility for escrow funds at every step of the escrow process, "right through to the delivery of signed and certified checks at closings.
Bid Bonds, Certified Checks Or Cashier%s Checks (SEE Bid Form)
Certified checks shall be made payable to Pollution Control Financing Authority of Warren County.

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