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cashier's check |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia | 0.02 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Over the past several years, management has shifted the focus from collecting premiums door-to-door to bank draft and mail pay, and is expanding into the group life market. Some mortgage companies offer biweekly payment or extra bank draft options for a set-up fee and monthly administrative fee. The victim company--relying on its previously satisfactory business relationship--ships the goods, only to find out later the bank draft was fraudulent. |
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