Definitions for "Canceled Check"
A "used" check that has been paid and subtracted from the check-writer's account. Canceled checks have extra data on them from the bank. They are usually mailed to the writer each month with the statement, although many banks keep records that are available upon request. Canceled checks are excellent receipts that should be kept for reference and tax purposes.
Is a "used" check that has been paid and deducted from the account of the person who wrote the check. These have extra information on them from the bank and are usually mailed to the account holder each month with the statement, though many banks keep records that are available upon request. Canceled checks must be kept for reference and tax purposes.
A "used" check that has been paid and subtracted from the check-writer's account. Canceled checks have extra data on them from the Financial Institution. DM members may view their canceled checks though Home Banking 24•7.
Keywords:  loan
Canceled Loan