cashier's check
Definition
Check written by a bank (or other financial institution) on its own funds, and signed by the bank's cashier or other such officer. Cashier's check is used mainly for disbursing proceeds of a loan to a customer, or to a third-party named by the customer. In contrast, a certified check is drawn on the customer's funds. Also called official check, manager's check, or treasurer's check.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
cashier's check in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/cashier-s-check.html
