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certified cheque

 

Definitions from WordNet

Noun certified cheque has 1 sense
  1. certified check, certified cheque - a check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
    --1 is a kind of check, bank check, cheque

Definitions from the Web

Certified Cheque

Description:

A certified cheque is a type of payment method that guarantees the availability of funds. It is issued by a bank or financial institution and is considered a highly secure form of payment, often used for large transactions or when payment needs to be guaranteed.

Senses:

Sense 1: Payment Method

In this sense, a certified cheque refers to a specific type of payment method that has been verified by a bank or financial institution, ensuring that there are sufficient funds available to cover the amount specified.

Example Sentence:

He paid for the car with a certified cheque to ensure the seller would receive the full amount without any issues.

Sense 2: Financial Security

Certified cheques are also used as a means of providing financial security. In this sense, a certified cheque acts as a guarantee of payment, demonstrating that the funds are available and will be honored.

Example Sentence:

The landlord required a certified cheque for the security deposit, providing assurance that the funds were available and guaranteeing the payment.

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