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Certified check. A certified check (or certified 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 in the bank's internal account until the check is cashed or returned by the payee. Thus, a ...
A cheque ( British English) or check ( American English ); is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a ...
A certified check is a personal check that an account holder’s bank has confirmed is backed by sufficient funds and bears a legitimate signature. The amount of money on a certified check is ...
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
Check (also checker, Brit: chequer, or dicing) is a pattern of modified stripes consisting of crossed horizontal and vertical lines which form squares. The pattern typically contains two colours where a single checker (that is a single square within the check pattern) is surrounded on all four sides by a checker of a different colour.
With a bounced check, the check is returned to the payee and the transaction does not occur. With an overdraft, the bank pays the check or ACH payment despite your insufficient funds. If you ...
A check valve, non-return valve, reflux valve, retention valve, foot valve, or one-way valve is a valve that normally allows fluid (liquid or gas) to flow through it in only one direction. Check valves are two-port valves, meaning they have two openings in the body, one for fluid to enter and the other for fluid to leave. There are various ...
Cashier's check. A cashier's check (or cashier's cheque, cashier's order, official check) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a bank employee. [1] Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is both the drawee and drawer and is responsible for paying the ...