traveler's check

Definition

Check issued by a financial institution which functions as cash but is protected against loss or theft. Traveler's checks are useful when traveling, especially in case of overseas travel when not all credit and debit cards carried by a person will be accepted. A charge or commission is usually incurred when a person exchanges cash for traveler's checks, though some issuers provide them free of charge.

Use traveler's check in a sentence

When traveling overseas many people use traveler's checks because they act like cash but are protected in case they are lost or stolen.

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