Cashier


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CASHIER. An officer of a moneyed institution, who is entitled by virtue of his office to take care of the cash or money of such institution.
     2. The cashier of a bank is usually entrusted with all the funds of the bank, its notes, bills, and other choses in action, to be used from time to time for the ordinary and extraordinary exigencies of the bank. He usually receives directly, or through subordinate officers, all moneys and notes of the bank delivers up all discounted notes and other securities, when they have been paid draws checks to withdraw the funds of the bank where they have been deposited; and, as the executive officer of the bank, transacts much of the business of the institution. In general, the bank is bound by the acts of the cashier within the scope of his authority, expressed or implied. 1 Pet. R. 46, 70Wheat. R. 300, 361 5 Wheat. R. 326; 3 Mason's R. 505; 1 Breese, R. 45; 1 Monr. Rep. 179. But the bank is not bound by a declaration of the cashier, not within the scope of his authority; as when a note is about to be discounted by the bank, he tells a person that he will incur no risk nor responsibility by becoming an indorser upon such note. 6 Pet. R. 51; 8 Pet. R. 12.Vide 17 Mass. R. 1 Story on Ag. Sec. 114, 115; 3 Halst. R. 1; 12 Wheat. R. 183; 1 Watts & Serg. 161.

TO CASHIER, punishment. To break; to deprive a military man of his office. Example: every officer who shall be convicted, before a general court martial, of leaving signed a false certificate relating to the absence of either officer or private soldier, or relative to his daily pay, shall be, cashiered. Articles of war, art. 14.

References in periodicals archive ?
Praxis Cashier is a technology provider that has developed the ultimate smart cashier software designed with Fintech, Online Gaming, Travel and E-commerce businesses in mind.
Sources stated that cashier Mohammad Saeed had transferred amount under the cover of salaries payment.
An Indian cashier is said to have received a call from an individual who claimed to be a policeman.
The cashier examined the bill, put it in the cash register before taking a number of bills to give to the woman as change.
He also suggested that the cashier was trying to find an excuse so she would not be involved with the sale, saying that it is a sin in Islam.
The cashier said she received P500 only and it also appeared in the machine registry receipt.
"My colleague, who was accompanying me, asked for a proper receipt confirming the transfer of amount but the cashier argued and insisted that he had followed the proper procedure to transfer funds' and could not issue any other confirmation'," said the donor, adding that both he and his friend walked away confused and disappointed.
Lai and his gang would then profit from coerced cashiers checks from borrowers.
The Mobile Cashier service is enriched from its first inception and improved to specifically cater for the needs of the SMB segment.
Etisalat's Mobile Cashier is approved by the TRA and compliant with all the security standards in the payment industry including Europay, Mastercard and Visa (EMV) and Payment Card Industry Data Security Standard (PCI DSS).
Fraudsters continue to target attorney trust accounts with variations of the phony cashier's check scheme.