Re: Weekly Vocab #2.1.4 (repost #1)
|Date:||Monday, January 22, 2007, 6:06|
Roger Mills wrote:
> A Certified Check, typically required at real-estate
> closings, can be written by the account holder or
> by the bank, but one's account is immediately
> debited (hence the certification that the money
> actually exists)-- and if the check is never cashed,
> I suppose one is simply out $X. Though I've never
> heard of that happening. . . .
I've had that happen a couple of times, and you can
get your money back if it's not cashed.
One time, I paid for a delivery with a certified check.
The shipping company subsequently lost the check,
and I ended up sending the merchandise back
anyway. When the check had not been cashed in
a certain amount of time (something like six months),
the bank declared the check void and recredited
the money to my account.
Another time, I paid for a concert ticket with a
certified check, but the concert was canceled. The
promotor sent the check back to me, and the bank
allowed me to sign the back of it to redeposit it to