traveler's check

noun

Definition of traveler's check 

: a draft purchased from a bank or express company and signed by the purchaser at the time of purchase and again at the time of cashing as a precaution against forgery

Examples of traveler's check in a Sentence

Recent Examples on the Web

Fidel Castro bought a bracelet for his sister (with traveler's checks), and Andy Warhol amassed a collection, including a bracelet of emeralds, rock crystal, and diamonds from the 1940s. Jill Gerston, ELLE Decor, "Appraisal: Seaman Schepps," 19 June 2012

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'traveler'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 traveler's check

1891, in the meaning defined above

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Time Traveler for traveler's check

The first known use of traveler's check was in 1891

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More Definitions for traveler's check

traveler's check

noun

Financial Definition of traveler's check

What It Is

A traveler's check is a certified note issued by a bank that may be used by travelers as a risk-free substitute for paper currency.

How It Works

When individuals travel, particularly abroad, they often need cash to cover certain expenses. A traveler's check is a certified bank draft that travelers may use the same way they use regular paper currency. Traveler's checks may be used in place of cash for purposes other than travel. Banks typically charge a small fee and require that individuals order travelers' checks prior to when they will need them.

Why It Matters

Marked with a check number and printed on counterfeit-proof paper, a traveler's check is issued to an individual and must be endorsed by the bearer before a vendor. Because a traveler's check is issued to a specific person, it can be replaced by the issuer if it is lost or stolen. Traveler's checks have the added advantage of being easily converted into foreign currency. American Express is a large issuer of travelers' checks.

[InvestingAnswers Feature: The Most Important Money-Saving Tips for the World Traveler]

Source: Investing Answers

traveler's check

noun

English Language Learners Definition of traveler's check

: a check that is paid for in advance and that may be exchanged for or used like cash

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