Dana draws a check on Equity Bank, and asks the bank to agree in advance to accept the check by setting aside sufficient funds to cover the amount. If Equity agrees, the check will be considered

Question

Quizplus · Accepted Answer

When a bank agrees in advance to accept a check by setting aside sufficient funds to cover the amount, the check is considered "certified." This means the bank guarantees the check will be paid.

Dana Draws a Check on Equity Bank, and Asks the Bank