Cashier's cheque legal definition of cashier's cheque
cashier's check (redirected from cashier's cheque)
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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 fraudulent buyer will usually tell the seller that the buyer can avoid paying a bank service fee by using a high value cashier's cheque
and that the buyer trusts the seller to send the change back.
The conmen then send a cashier's cheque
made out from a credit company.
Mrs Williams said she had documents to prove her claim, including cashier's cheque
stubs, mementos from the senator and a letter from an intermediary who delivered money from the senator.