cashier's check

(redirected from Cashiers checks)
Also found in: Dictionary, Thesaurus, Financial.
Related to Cashiers checks: Official check

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 ?
Lai and his gang would then profit from coerced cashiers checks from borrowers.
Survey information on the proportion of banks and savings associations that offered various retail services over time is available for the following services: auto loans, non-interest-bearing checking accounts, negotiable order of withdrawal (NOW) accounts (which are interest-bearing checking accounts), savings accounts, money orders and cashiers checks, the return of canceled checks, automated teller machines (ATMs), and safe deposit boxes.
After the woman said she had nothing to declare regarding currency, firearms and ammunition, officers looked in her purse and discovered more than $70,000 in cash and $50,000 in unendorsed cashiers checks.