certified check

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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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 ?
Value of the document shall be paid under a certified cheque.
Any holder wishing to exercise its warrants must forward to General Trust of Canada, at its offices in Montreal, the warrant certificates with the reverse side duly completed and executed together with cash, a certified cheque, a bank draft or a money order in an amount equal to the total subscription price.
and will deliver a certified cheque to them in the amount of $150,000 before the 24th of May.
Proposals should be submitted with a certified cheque in the name of medical city.
Officials estimate that once the master list is compiled tomorrow, it will be referred to the Finance Department at the Government of Sharjah who is expected to release the funding through certified cheques.
The bank is to charge higher fees on wire transfers, certified cheques, money orders and stop payments.
There are certified cheques and money drafts that can be distributed.
The County of Brant's tender process, including but not limited to scoring and bid bonds and certified cheques, will be reviewed by staff.

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