Word forms: (regular plural) check guarantees
( Retail : Customer accounts )
Check guarantee will guarantee a customer's payment by check, up to a specified amount.
Most check guarantees only cover amounts up to two or three hundred dollars.
A check guarantee is any method, usually via a plastic card, that guarantees that a payment made by
check will be honored by the account holder’s bank.
Collins English Dictionary. Copyright © HarperCollins Publishers