Monday, December 14, 2015 2:47:10 PM
Definition of a canceled check:
A check that has cleared the depositor's account and has been marked as "canceled" by the bank. A canceled check has been paid by the drawee bank and endorsed by the payee, the payee's bank, and the Federal Reserve Bank. Canceled checks can also be used as proof of payment.
http://www.investopedia.com/terms/c/canceled-check.asp
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