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cashier's check

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.04 sec.

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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``The letter asks the `winner' to send a cashier's check back to the sweepstakes company, which promises more cash once a `nonresidence tax' is paid up front,'' Lt.
If you must sell long distance, insist on payment in advance, preferably by a certified or cashier's check, which should be deposited immediately.
Stop Payment Order on bank's "Cashier's Check" or other official check: A cashier's check is an obligation of a bank, rather than an individual.
 
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