A guarantee of payment of a check up to the amount specified on the check that is provided to the party accepting the check when following bank-prescribed procedures. This is a service provided by a bank or a third party to the check depositor.
A guarantee of payment of a check up to the amount specified on the check that is provided to the party accepting the check when following bank-prescribed procedures. This is a service provided by a bank or a third party to the check depositor.