Certified Check
Legal Definition and Related Resources of Certified Check
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Certified Check
A check that has been accepted for payment by the drawee. means that the bank undertakes, on presentation, to pay the amount of the check. A check drawn by a depositor upon funds to his credit in the bank, which the proper officer of the bank certifies will be paid when duly presented for payment. Flolland v mutual Fertilizer Co., 70 S.E. 151, 8 Ga.App. 714. §3-411 ofU.C.C. provides: (1) Certification of a check is acceptance. where a holder procures certification the drawer and all prior indorsers are discharged. (2) unless otherwise agreed a bank has no obligation to certify a check. (3) A bank may certify a check before returning itfor lack of proper indorsement. If it does so the drawer is discharged.
Certified Check Alternative Definition
A check which has been recognized by the proper officer as a valid appropriation of the amount of money therein specified to the person therein named, and which bears upon itself the evidence of such recognition. Certification of a check is usually accomplished by writing the name of the officer authorized to bind the bank in that manner across the face of the check. See "Check." Sewell, Bank.
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This definition of Certified Check is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
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Concept of Certified Check in the context of Real Property
A short definition of Certified Check: A personal check drawn by an individual which is certified (guaranteed) to be good. The bank holds the funds to pay the certified check and will not pay any other checks drawn on the account if such payment would impede payment of the certified check. The bank also will not honor a stop payment of a certified check.
Concept of Certified Check in the context of Real Property
A short definition of Certified Check: A personal check drawn by an individual which is certified (guaranteed) to be good. The bank holds the funds to pay the certified check and will not pay any other checks drawn on the account if such payment would impede payment of the certified check. The bank also will not honor a stop payment of a certified check.