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.

More On This Topic

Link to This Definition
Did you find this definition of MARKED CHECK 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