cashier's check


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Related to cashier's check: money order

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 cashier's check was drawn on a Canadian bank in the amount of $205,000 "U.
There are banks that feature pre-printed cashier's check machines, exposing the payment instrument to security issues.
The Wyoming cashier's check turned out to be fraudulent.
Opening bid is $300,000, with a certified or cashier's check in the amount of $30,000 required to bid.
Prices range from $15 to $200; only cashier's checks and money orders are accepted.
A week or two later, a $295,000 Chase Manhattan cashier's check arrives at the office.
May 24 to obtain a cashier's check for about $375,000 -- to be funded by approximately $355,000 in equity credit he had with the bank, along with cash -- to purchase a commercial property, the lawsuit said.
Saban made counterfeit cashier's checks, then worked with others in cashing them and wire transferring the proceeds to another member of the conspiracy.
A check-cashing scam offers consumers the opportunity to make "easy money" by cashing a large sum cashier's check and evaluating the service they receive when they wire the money to another location, typically outside the country.
Aventura lawyer Robert Stok, the victim of a cashier's check scam that cost him $173,015 in 2008, is going to get his day in court--the United States Supreme Court, that is.
In most of these cases, individuals receive a cashier's check and are asked to deposit the check into their account, wait until funds become available and then wire some part of the funds from their account to a third party, often in a foreign country.
The 23-year Los Angeles Fire Department veteran was freed on $1 million bail last week, but he was arrested again Wednesday following a phone call to his credit union, during which prosecutors allege Del Toro claimed he was out of the country and needed all his money made out in a cashier's check in his name.