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 ?
ZABEK also wrote a series of unauthorized treasurer's checks on South Adams Saving Bank's own accounts and then deposited these checks into accounts under his control including his personal accounts and accounts maintained at the South Adams Saving Bank by the Polish National Alliance, a social club located in Adams, Massachusetts.
The prosecutor further stated that the evidence would have established that Cushing, who was formerly employed as an assistant branch manager at the Bank of Braintree, assisted KUSHNER and SHECTER in evading currency reporting requirements by using his position at the Bank of Braintree to convert the proceeds of KUSHNER's and SHECTER's business into cash and treasurer's checks for them.
CUSHING, who was formerly employed as an assistant branch manager at the Bank of Braintree, is charged with having assisted KUSHNER and SHECTER to evade currency reporting requirements by using his position at the Bank of Braintree to convert the proceeds of KUSHNER's and SHECTER's unlawful business into cash and treasurer's checks for them.