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 ?
Bond added that banks automatically have procedures in place to address fraud, but retailers and the public may need to be extra cautious when dealing with cashiers checks to avoid being a victim.
Cashiers checks are close substitutes for money orders, so the reported data cover the proportion of banks and savings associations offering either of these instruments rather than the proportion offering each.
Financial institutions particularly like the way it allows them to easily add security to cashiers checks, foreign drafts, money orders and other negotiable documents.
Cashiers checks that have been missing from the Nashville (Howard County) branch of Diamond State Bank of Murfreesboro for six months have shown up in Tennessee and Florida in recent weeks, bank president John Ross said.