Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
guaranteed by its
that (1) it carries genuine
, and (2) it will be paid when presented for
. The issuing bank takes out the check's
from the check writer's (drawer's)
and holds it in
to ensure the check's payment. A certified check is a
, and normally its payment cannot be prevented by a
stop payment order
. See also
letter of credi...
You Also Might Like...
How to Void a Check - Avoid Fraud and Unauthorized ...
A check is physical, legal contract that effectively represents a promissory note to pay the amounts indicated in numeric and written values, to the payee designated in the "pay to" section. Your signature authorizes the amount indicated to be ...
How to Protect Your Privacy When Job Hunting
Managing Small Business Growth
Small business owners generally love the word "growth" since when used in relation to a business, it usually means success. A growing business is a thriving business, or so most people believe. Unfortunately, many small business owners discover the ...
How to Pick a Credit Card for Your Business
One of the easiest and most convenient ways for a small business to raise money is to use a business credit card. You can get one based on your personal credit score, a factor that makes these cards popular with startups. Even existing businesses ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: