cashier's check

ca·shier's check

(kă-shîrz′)n. A check drawn by a bank on its own funds and signed by the bank's cashier.

cashier's′ check`

n. a check drawn by a bank on its own funds and signed by its cashier. [1865–70, Amer.]

Thesaurus

Noun

cashier's check - a check issued by the officer of a bank on the banks own account (not that of a private person); "cashier's checks are as good as cash"cashier's cheque, treasurer's check, treasurer's chequebank check, check, cheque - a written order directing a bank to pay money; "he paid all his bills by check"

cashier's check

Related to cashier's check: money order

cashier's check

n. a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter). The check is received as cash since it is guaranteed by the bank and does not depend on the account of a private individual or business. Cashiers' checks are commonly used when payment must be credited immediately upon receipt for business, real estate transfers, tax payments and the like.

cashier's check

Cashier's check

A check drawn directly on a customer's account, making the bank the primary obligor, and assuring firm that the amount will be paid.

Certified Check

A check whose payment is guaranteed by a bank. In exchange for a fee, a bank issues a certified check to a person, who is very often both the payer and the payee. That is, a person gives the bank the amount for which the certified check is written, either in cash or by deducting the appropriate amount from the payer's account; the bank then makes the check payable to that person. The person may cash the check at any bank, or deposit it at a different bank without being subject to a check hold. A certified check is also known as a registered check or banker's draft. See also: Traveler's cheque, Commercial draft.

cashier's check

A check drawn by a bank on itself. A cashier's check is made out to a designated institution or person and must be paid for before it is issued. See also certified check.

cashier's check

An official check issued by a bank with itself as the drawer. Contrast with a certified check, which is one drawn on the bank customer's account, with the customer as drawer, but certified as good by the bank. Closing companies usually require a cashier's check for the purchaser's portion of all closing costs and purchase money. A cashier's check can be the subject of a stop-payment order. Because of widespread forgery of cashier's checks, many closing companies will not complete closing until funds are actually collected and in the closing company's escrow account.

cashier's check

ca·shier's check

cashier's′ check`

cashier's check

cashier's check

cashier's check

Cashier's check

Certified Check

cashier's check

cashier's check

cashier's check

Synonyms for cashier's check

noun a check issued by the officer of a bank on the banks own account (not that of a private person)

Synonyms

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