Certified Check

Charitable Remainder Unitrust

A check issued by a bank which certifies that the maker of the check has enough money in his/her account to cover the amount to be paid. the bank sets aside the funds so that the check will remain good even if other checks are written on the particular account. like a cashier’s check, a certified check guarantees that it is immediately good since it is guaranteed by the bank and the recipient does not have to wait until it “clears.”

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.