Definitions for cashier's cheque
cashier's cheque

Princeton's WordNetRate this definition:0.0 / 0 votes

1. cashier's check, treasurer's check, cashier's cheque, treasurer's chequenoun

   a check issued by the officer of a bank on the banks own account (not that of a private person)

   "cashier's checks are as good as cash"

WikipediaRate this definition:0.0 / 0 votes

1. cashier's cheque

   A cashier's check (or cashier's cheque, cashier's order) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions. Genuine cashier's checks deposited into a bank account are usually cleared the next day. The customer can request "next-day availability" when depositing a cashier's check in person. Forged cashier's checks may bounce 2 weeks after being deposited. When cashier’s checks took weeks to clear the banks, they were often forged in fraud schemes. The recipient of the check would deposit it in their account and withdraw funds under next-day availability, assuming it was legitimate. The bank might not be informed the check was fraudulent until, perhaps, weeks after the customer had withdrawn funds made available by the fraudulent deposit, by which time the customer would be legally liable for the cash already withdrawn.A customer asks a bank for a cashier's check, and the bank debits the amount from the customer's account immediately and assumes the responsibility for covering the cashier's check. That is in contrast with a personal check, for which the bank does not debit the amount from the customer's account until the check is deposited or cashed by the recipient. A cashier's check is not the same as a teller's check, also known as a banker's draft, which is a check provided to a customer of a bank or acquired from a bank for remittance purposes and drawn by the bank, and drawn on another bank or payable through or at a bank.A cashier's check is also different from a certified check, which is a personal check written by the customer and drawn on the customer's account, on which the bank certifies that the signature is genuine and that the customer has sufficient funds in the account to cover the check.Also, a cashier's check should not be confused with a counter check, which is a non-personalized check provided by the bank for the convenience of a customer making withdrawals or payments, but it is not guaranteed and is functionally equivalent to a personal check.

ChatGPTRate this definition:0.0 / 0 votes

1. cashier's cheque

   A cashier's cheque is a type of cheque issued and guaranteed by a bank or financial institution. It is drawn on the bank's own funds and signed by a cashier or teller. Unlike a regular cheque, the bank, not the customer, is directly accountable for paying the recipient. Therefore, these cheques are considered more secure than personal cheques, because they are backed by the bank's funds. They are typically used for larger transactions where the payer or recipient requires a secure form of payment. It is also called a bank cheque, teller's cheque, or treasurer's cheque.

Matched Categories

1. • Check

How to pronounce cashier's cheque?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say cashier's cheque in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of cashier's cheque in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of cashier's cheque in Pythagorean Numerology is: 6

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=cashier's cheque
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Cashier's_Cheque
3. ^ ChatGPT
   https://chat.openai.com