cashier's check


Definition
A check which cannot bounce because its face amount is paid to the bank when it is issued, and the bank then assumes the obligation.


Related Terms

online banking -  More

Related Personal Finance Articles

Loading...

cashier's check in the news

Loading...

Enter your email address to get our free Term of the Day newsletter!

cashier's check is ...

... part of the Banking subject.
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z