cashier's check

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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.

References in periodicals archive ?
In the latest "scam," the perpetrators use counterfeit bank cashiers checks to purchase high dollar items which include, cars, jewelry, and rare baseball cards.
TERMS: Cashiers check, or company check accompanied by bank guarantee letter of payment to Wilson Auction & Realty Co.
I heard McCormick's lawyers have been waving around a cashiers check downstairs - the result of some action taken by Woody Harrelson,'' said Thom Mrozek, spokesman for the U.
MIAMI -- ERAS, a banking software and solutions development company, has released FAST314(a), enabling financial institutions to create an electronic record of non-bank customers' transactions, as well as non-traditional transactions for bank customers, such as VISA Gift Cards, Traveler's Checks, Cashiers Check and Money Orders.
Successful buyers also have to have a $1,000 cashiers check for a deposit.
Once we send out the UFOC to approved prospects, there is a 10 business day 'cooling-off' period by federal law until the signed UFOC and cashiers check can be sent to Orbit Drop's corporate headquarters," said Cain McKnight, CEO of Orbit Drop, Inc.
A certified or cashiers check in the amount of $30,000 is required to bid on day of auction.