Thus, a certified cheque cannot " bounce ", and its liquidity is similar to cash, absent failure of the bank.
2.
This regulation is supposed to prevent certified cheques from becoming a universal substitute for cash, which is considered the only legal tender.
3.
Like Bank Drafts, Certified Cheques, Money Orders, Wiring funds etc . They do teach Finance, Economics, and Business, but not Banking.
4.
This mark was used during the transition from Eurocheque ( payment via certified cheque ) to payment via ec-card ( card based payment with PIN ).
5.
When a certified cheque is drawn, the bank operating the account verifies there are currently sufficient funds in the drawer's account to honour the cheque.
6.
Bookmaker Massimo Erodiani asked via Skype if Starace had received a certified cheque to lose match and received an affirmative answer, explaining that all bets were safe on a Starace loss.
7.
Because of the liquidity and certainty of payment of a certified cheque, it is sometimes considered equivalent to cash, such as in the regulation of credit for casino gaming in Macau, where the law explicitly states that if a casino patron obtains casino chips and pays with a certified cheque, the transaction is not regarded as credit for gaming ( see Law 5 / 2004, art . 2 ).
8.
Because of the liquidity and certainty of payment of a certified cheque, it is sometimes considered equivalent to cash, such as in the regulation of credit for casino gaming in Macau, where the law explicitly states that if a casino patron obtains casino chips and pays with a certified cheque, the transaction is not regarded as credit for gaming ( see Law 5 / 2004, art . 2 ).
परिभाषा
a check containing certification that the person who issued the check has sufficient funds on deposit to cover payment पर्याय: certified check,
मोबाइल