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cashier's check |
Also found in: Financial, Wikipedia | 0.01 sec. |
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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. |
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To cover all of his bases before selling off his pavilion tickets for an asking price of $15 - about $9 over face value, even more if you consider he got a group-rate discount - Mahan requested that the binding agreement be signed and sent along with a check or cashiers check, or through PayPal. I told him to go to the bank and get a cashiers check, because I didn't want to have responsibility for that much money. 5 million in the form of a Cashiers Check for admission to the auction. |
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