cashier's check
Học thuậtThân thiện
Definition
Noun: A cashier's check is a secure form of payment issued by a bank. It is a check written by the bank itself, drawn on the bank's own funds, guaranteeing payment to the named recipient. It is not drawn on a private individual's account.
Usage
A cashier's check is used when a guaranteed form of payment is required, such as in large transactions like buying a car or a house, where personal checks might not be accepted due to risk. * The seller required a cashier's check for the down payment on the house. * To secure the auction item, you must provide a cashier's check.
Advanced Usage
- "as good as cash": This phrase is often used to describe a cashier's check because it is considered a guaranteed, secure instrument equivalent to cash in terms of reliability, though it is not literal currency.
- For this transaction, a cashier's check is as good as cash.
Variants and Related Words
- Bank check: A general term for checks drawn by a bank, which can include cashier's checks and certified checks.
- Certified check: A different secure instrument where a personal check is stamped and guaranteed by the bank, but it is still drawn on the payer's account, not the bank's.
- Teller's check: Another term often used synonymously with cashier's check.
Synonyms
- Bank draft
- Official check
Related Phrases
- Issued by a bank: Describes the origin of the check.
- The funds are guaranteed because it's a cashier's check issued by a bank.
- Bank-guaranteed payment: Highlights the key feature of the instrument.
- We only accept bank-guaranteed payments like cashier's checks for large sums.
Noun
- 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