What is CHECKWRITING PRIVILEGE?

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically required by the mutual fund company.

More On This Topic
  1. What Is Attorney Client Privilege?
  2. Is There a Difference Between Attorney-Client Privilege and Confidentiality?
  3. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  4. How Long Does A Background Check Take?
  5. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  6. Do You Pay Capital Gains on Mutual Funds Even if You Don’t Sell Any Funds?
  7. Best Way to Write a Professional Letter to a Judge
  8. How Do Merrill Lynch Brokers Get Paid If Your Account Holds Mutual Funds?
  9. Is It A Monopoly? Everything You Ever Wanted To Know
  10. What is FED MED/EE Tax?

Related Legal Terms
OVERSUBSCRIPTION PRIVILEGE, PARLIAMENTARY PRIVILEGE, EXECUTIVE PRIVILEGE, PRIVILEGE, MINIMUM PURCHASES, ATTORNEYCLIENT PRIVILEGE, JUDICIAL PRIVILEGE, PREPAYMENT PRIVILEGE, QUALIFIED PRIVILEGE, PRIVILEGE FROM ARREST


Link to This Definition
Did you find this definition of CHECKWRITING PRIVILEGE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary