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certified check definition - finance
A check guaranteed by the bank it is written on. When the check is certified, it becomes a legal obligation of the bank. The bank immediately deducts the funds to cover it from the depositorÂ’s account. A certified check cannot bounce.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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