Recent Examples of cashier's check from the Web
Weinstein surrendered his passport, and his attorney handed over a $1-million cashier's check for the bail.
In turn, prosecutors say, Shain sent approximately 58 cashier's checks to Colello or his girlfriend totaling more than $300,000.
Shain purchased and issued cashier's checks to pay Colello.
Theft by deception, Center Ridge Road: On Feb. 20, a bank reported a customer deposited a cashier's check into his bank account and then withdrew a large sum of money several days later.
Over three years, prosecutors said that Shain sent approximately 58 cashier's checks to Colello or his girlfriend totaling more than $300,000.
The resident refused, and found out from his bank that the cashier's check was fake.
The down payment must be in cash or a cashier's check.
Shain sent 58 cashier's checks to Colello from June 2012 to March 2015, most of them below the $5,000 threshold that requires banks to report the transactions.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'cashier's check.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of CASHIER'S CHECK
What It Is
A cashier's check is a check that guarantees the availability of the underlying funds because it is drawn upon and issued by the bank itself.
How It Works
To obtain a cashier's check, a person must first deposit funds equal to the check amount with the issuing bank. The bank then generates a check to the payee drawn on the bank's own account. The name of the remitter (the person purchasing the check) is noted on the check. The check is signed by a bank cashier or officer.
Banks typically charge a fee for cashier's checks.
Why It Matters
Only under extremely unusual and rare circumstances will a cashier's check bounce. Because the bank assumes the obligation for payment, thereby ensuring a high degree of safety, some institutions require that payments be made via cashier's check.
CASHIER'S CHECK Defined for English Language Learners
Definition of cashier's check for English Language Learners
: a check that is written by a bank and signed by a cashier
Seen and Heard
What made you want to look up cashier's check? Please tell us where you read or heard it (including the quote, if possible).