Banking

Séc xác nhận

A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.

Quick answer: A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.

This term page is part of the Protermify Finance glossary and is published as static HTML for fast indexing and clear language coverage.

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Quick answer

A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.

Why it matters

Séc xác nhận matters because it supports clear communication in Banking contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is Séc xác nhận?

In this glossary, Séc xác nhận refers to: A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.

How is Séc xác nhận used in finance?

In finance communication, this term appears in contexts such as: "Séc xác nhận đảm bảo thanh toán do ngân hàng xác nhận và giữ tiền."

Why does Séc xác nhận matter in finance?

Séc xác nhận matters because it supports clear communication in Banking contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses Séc xác nhận?

Séc xác nhận is mainly used by Financial Analysts, Bankers, and Traders.

What category does Séc xác nhận belong to?

In this glossary, Séc xác nhận is grouped under Banking. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

A check guaranteed by the issuing bank, which verifies that sufficient funds exist and sets aside the amount for payment, ensuring payment to the recipient.

Operational example

A certified check ensures payment as the bank verifies availability of funds and reserves the check amount until it is cashed or deposited.

Localized term

Séc xác nhận

Localized example

Séc xác nhận đảm bảo thanh toán do ngân hàng xác nhận và giữ tiền.

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Banking

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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