Which term refers to a check that is stamped to show it has been paid?

A canceled check is one that has been processed and marks the completion of a transaction. When a check is stamped as "canceled," it indicates that the funds have been deducted from the drawer's account and that the check cannot be used again. This is an important aspect of banking, as it provides a record of payment.

The term "canceled check" serves a dual purpose: it provides proof of payment to the payee and a record for the drawer. It can be used for various purposes, such as for accounting records or tax purposes, since it clearly shows that an obligation has been fulfilled.

In contrast, the other options refer to different concepts. A cleared check signifies that the check has been processed, but it may not necessarily have the stamp indicative of cancellation. An endorsed check refers to a check that has been signed by the payee, allowing it to be deposited into another account. A reconciled check would pertain to matching the check with bank statements to ensure that account records are accurate, again not specifically indicating that a check has been paid in the same way a canceled check does.