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 ?
The bank said MoneyGram's official check services have allowed it to streamline its business and reduce costs for the more than two decades the two companies have worked together.
MoneyGram has supported the credit union with its PrimeLink Official Check service since 2004, the report noted.
Blue Planet's Andy Hygate said: "January has traditionally always been the time of year when we do an official check on our animal stock holding.
Blue Reef's Anna Pellegrino said: "January has traditionally always been the time of year when we do an official check on all our stock numbers.
A Blue Reef spokesperson said: "January has traditionally always been the time of year when we do an official check on all our stock numbers.
AP Technology announced today the availability of the APSecure Official Check Issuance Portal, a web-based solution that automates branch, back-office, and remote-client Official Check issuance for financial institutions with state-of-the-art check printing and unsurpassed fraud protection.
MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, said it has renewed an agreement with Launch Federal Credit Union to provide official check services at all of the credit union's locations.
Anna Etchells, from the aquarium, said: "January has traditionally been the time of year when we do an official check on all our stock numbers.
These solutions include the Keystone Authentication strong authentication technology, Transporter automated file transfer client application, APSecure-DE automated file transfer server application, SecurePay positive pay file conversion software, APSecure-BOC branch official check printing system, and APSecure-ROC remote official check printing system.
15 July 2014 -- Dallas US-based money transfer and payment services company MoneyGram (NASDAQ: MGI) said it has inked a five-year renewal of its agreement with Pennsylvania-based Members 1st Federal Credit Union to provide check services through its PrimeLink Official Check outsourcing programme.
January is the traditional time when staff at Tynemouth's Blue Reef Aquarium do their official check on all stock numbers and this weekend they're asking folk to give them a hand with their fishy census.
6 billion reflects the approximate size of the expected loss on the portfolio, an amount which is expected to be based on the final sale price of the ABS investments sold by MoneyGram, in addition to long-term capital needed to restructure the Official Check business.