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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 ?
A cashier's or certified check in the amount of $37,500 is required to bid on day of auction.
4, to be a "typical public auction." Potential buyers should be prepared with a certified check for a deposit.
Since he was at the bidding simply as an observer, he was unprepared to bid and as a consequence did not have the required certified check of the bid amount.
Certified checks could become a popular means of payment, and banks might see their liabilities shifting to outstanding certified checks from deposits, a development that might make them warier about lending.
She accepts "no personal checks, no cashier's checks--only certified checks, only bank checks, always paid before the last performance."
Cash, money orders and other forms of payment (such as credit card or personal check) may be accepted in connection with in-person requests, while certified checks, money orders, personal checks or credit cards may be accepted in connection with written requests.
Woodbury customers will also be able to take advantage of Sterling's specialized banking and financial services as well as strong technology driven products including Sterling's proprietary EZ Cert[TM] system, which allows attorneys to print signed certified checks from their own desktops, and Sterling's Remote Deposit Service, which enables clients to make deposits by scanning checks and transmitting them via the Internet, allowing them to deposit funds without leaving their offices.
In addition, cash may be used for in-person requests, while certified checks are acceptable for written ones.

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