Certified check
Encyclopedia : C : CE : CER : Certified check
A certified check or cheque is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside until the check is cashed or returned by the payee. Thus, a certified check cannot "bounce".
External links
- [link] (Definition at law.com)
See also
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