TeachMeFinance.com - explain Marked check
Marked check -- Many concerns have a private mark which
they put on their checks. This mark is known to the banks
where the concerns keep their accounts and its absence from
a check is sufficient reason for withholding payment until the
concern by which it purports to have been drawn can be
communicated with to find out whether the check is genuine.
The purpose of the mark is to afford protection against forgery.
There is one disadvantage in placing a private mark on a
check. If a forger finds out this mark and places it on a forged
check the check is more likely to be paid by the bank than if
the mark were not used.
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