Meaning & use
cheque guarantee
Last updated
Meaning
nouncountable or uncountableBritishfinance
A bank's promise to pay a cheque even if the customer's account has too little money, up to a set limit.
Grammar: Often used as a modifier before another noun: a cheque guarantee card.
Patterns
- a cheque guarantee card
- offer cheque guarantee
- under a cheque guarantee
The shop accepted my cheque because I showed a cheque guarantee card.
Banks in the UK stopped offering cheque guarantee services many years ago.
Without a cheque guarantee, the seller takes the risk that the cheque will bounce.
Word forms
| plural | cheque guarantees |
|---|
Common combinations
- cheque guarantee card
- He paid by cheque and showed his cheque guarantee card.
- cheque guarantee scheme
- The cheque guarantee scheme ended in 2011.
- honour a cheque guarantee
- The bank refused to honour the cheque guarantee because the card had expired.
Synonyms and how they differ
- check guarantee
- The American spelling and term for the same idea.
Word family
Commonly confused: cheque guarantee or cheque card?
cheque guarantee vs cheque card
A cheque card is a card a bank gives you so you can write cheques; a cheque guarantee card specifically promises the bank will pay them.
Practice
What does a cheque guarantee do?
Choose one answer.
A cheque guarantee is the bank's promise to pay a cheque up to a set limit; it does not change the cheque's value or remove the need to sign.
Make it your own
Write a sentence using “cheque guarantee”, then check it and compare it with the examples above.