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



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