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 ?
"The bank draft is a counterfeit - but by the time the innocent seller discovers this, the fraudster can't be traced."
The false Royal Bank of Scotland bank drafts are signed and stamped "City Office of London" and bear the code 15100062721883000199999745.
However, applicants for the reserved seats (women and minority) would have to submit applications along with a bank draft or cross-cheque of Rs100,000.
Figures revealed yesterday show 35 cars have been bought with fake bank drafts before being sold on for cash to unsuspecting customers.
The party has asked the candidates to attach with their applications a bank draft of Rs50,000 for a National Assembly ticket, Rs30,000 for a provincial assembly seat, Rs100,000 for a reserved seat for women and minorities in the National Assembly and Rs75,000 in a provincial assembly.
However, all applicants for the reserved seats (Women as well as Minority) will have to submit applications along with a bank draft or cross-cheque for Rs.100,000/.
They sent the bank draft through a subsidiary of the Royal Mail - but the draft never arrived although its progress was tracked.
acceptable, otherwise, a certified check, bank draft or letter of credit shall be for ten percent (10%) of the
LAHORE -- Pilgrims who are intended to perform Hajj under private scheme must make payment to quota-holder Hajj group organizer of Ministry of Religious Affairs through a cheque, pay order or bank draft instead of cash.
It was mandatory that bank draft in the name of PPP should be enclosed with the applications, he added.
British passport holders will be able to get an on-the-spot visa, provided they submit their application with two current passport-sized photographs and a postal order, bank draft or cash to pay the fee before 4pm.