82ad790e_and_Merchant_Services_Glossary__Definition
[Term] Check Guarantee [Definition] 
A service that guarantees payment on each check presented, up to a limit defined by the account, provided that the merchant follows correct procedures in accepting the check. The guarantee service collects any returned items, in which the merchant typically follows a stringent set of procedures. See also Check Verification.
Credit Card Processing and Merchant Services Glossary
Definition