What is CERTIFIED CHECK? Definition of CERTIFIED CHECK in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
A depositor's check recognized and accepted by bank officer as valid appropriation of the amount specified and as drawn against funds held by bank.
The usual method of certification is for cashier or teller to write across face of check, over his signature, statement that it is good when properly indorsed. See McAdoo v. Farmers' State Bank of Zenda, 106 Kan. 662, 189 P. 155, 156; Bathgate v. Exchange Bank of Chula, 199 Mo.App. 583, 205 S. W. 875, 876.
The certification of a check is a statement of fact, amounting to an estoppel of the bank to deny liability, Bank of Bay Biscayne v. Ball. 99 Fla. 745, 128 So. 491, 492. A warranty that sufficient funds are on deposit and have been set aside. World Exchange Bank v. Commercial Casualty Ins. Co., 255 N.Y. 1, 173 N.E. 902, 904. It means that bank holds money to pay check and is liable to pay it to proper party. Sundial Const. Co. v. Liberty Bank of Buffalo, 277 N.Y. 137, 13 N.E.2d 745, 746.
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That's the definition of CERTIFIED CHECK in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
