Recent Examples of cashier's check from the Web
Her daughter then used cashier's checks to buy a new Jeep Wrangler and a new Jeep Grand Cherokee from a Gresham car dealership.
The company then sent cashier's checks to Decatur, who deposited the money into his personal account, the complaint says.
Laura sent a cashier's check for more than the value of the gun, and the bank determined the check was a fraud.
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.
First Known Use of cashier's check
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
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