cashier's check definition

cashier's check

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.

cashier's check is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

cashier's check appears in the definitions of the following terms: manager's check, treasurer's check, official check, certified check, bank draft and cash equivalent

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