Which term is best associated with checks and financial transactions?

The term best associated with checks and financial transactions in this context is "cleared." When a check is cleared, it means that the funds have been transferred from the check writer's bank account to the recipient's bank account. This process verifies that the check is valid and that sufficient funds are available to cover the amount of the check. Once a check clears, it is considered settled, and both parties can confirm the transaction's completion.

The other terms do have relevance in financial transactions but do not specifically relate to the finalization of a check. For instance, "void" refers to a check that has been canceled and is no longer valid. "Pending" indicates that a transaction is still in progress and has not yet been completed, meaning the funds have not yet been transferred. "Authorized" pertains to the approval for a transaction to take place but does not indicate that the actual transfer of funds has occurred. Thus, "cleared" stands out as the most accurate term related to the context of checks and transactions.