A check guaranteed by the bank on which it is drawn when marked ‘good for payment’, typically by means of a special stamp. The check’s issuer thereby acknowledges to having sufficient funds to cover payment. Also refer to certified check.
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A check guaranteed by the bank on which it is drawn when marked ‘good for payment’, typically by means of a special stamp. The check’s issuer thereby acknowledges to having sufficient funds to cover payment. Also refer to certified check.
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