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 ?
A BID BOND, BANK DRAFT, CERTIFIED CHECK, OR LETTER OF CREDIT FOR 10% OF
This involves buying cars with forged bank drafts and then selling them on for cash.
The false Royal Bank of Scotland bank drafts are signed and stamped "City Office of London" and bear the code 15100062721883000199999745.
Two other men connected to the company, Raymond Folkes and Christian Obumneme, were convicted of handling forged multi-million dollar bank drafts.
com, MX Logic's new online store offers SMBs the ability to choose from three levels of email protection, opt for either annual or monthly service terms, and pay by either credit card or bank draft.
A MAN tried to eat a forged $56 million bank draft when he was arrested by Gardai, a court heard yesterday.
Door-to-door, direct deposit and bank draft delivery service will be offered later this year.
Before the implementation of a Vignette-powered portal, ABC Financial's club members had to mail in their health club fees or call to provide credit card or bank draft information.
Ostroff said, "Some dealers lie to you that they will not accept your credit union draft or online car loan bank draft because they 'bounce their checks,' and dealers then force you into the dealer's higher APR car loan.
Terms of sale for all orders are advance bank draft or irrevocable letter of credit in U.
He found the spare keys to her Fiesta and received a pounds 6,000 bank draft after selling the car to a dealer.