certified check

A depositor’s check drawn on a bank that guarantees the availability of funds for the check.

• The guarantee may be by the drawee’s signed agreement to pay the draft or by a notation on the check that it is certified. [Cases: Banks and Banking 145. C.J.S. Banks and Banking §§ 364–368.]

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词条贡献者

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。