cashier's cheque
Guaranteed bank payment
A cashier's cheque is a cheque issued by a bank rather than an individual, drawn on the bank's own funds.
Because the bank guarantees payment, cashier's cheques are considered more secure than personal cheques and are often required for large transactions: The seller insisted on a cashier's cheque for the down payment.
Also spelled cashier's check.
Guaranteed payment instrument
- financial instrumentTradeable monetary contract
- drawerSliding furniture compartment
- draweeParty directed to pay
- payeePerson owed payment
endorsement · counterfoil · remittance · bearer · face value · maturity · denomination · promissory
Promised with certainty
- certifiedOfficially declared valid
- irrevocableCannot be undone
- secureProtected from harm
- watermarkTranslucent authentication mark
signature · verification · anti-counterfeit · traceable · stop payment · cancellation · replacement · validity
Resolved dispute or colony
- clearancePermitted passage or approval
- funds transferPayment sent between parties
- paymentFulfilling a financial obligation
- disbursementDistribution of funds
encashment · deposit · collection · presentation · honouring · clearing · reconciliation · processing
bank draft
Guaranteed payment instrument
- financial instrumentTradeable monetary contract
- drawerSliding furniture compartment
- draweeParty directed to pay
payee · endorsement · counterfoil · remittance · bearer · face value · maturity · denomination · promissory · bill of exchange
guaranteed
Promised with certainty
- certifiedOfficially declared valid
- irrevocableCannot be undone
- secureProtected from harm
watermark · signature · verification · anti-counterfeit · traceable · stop payment · cancellation · replacement · validity · expiration
settlement
Resolved dispute or colony
- clearancePermitted passage or approval
- funds transferPayment sent between parties
- paymentFulfilling a financial obligation
disbursement · encashment · deposit · collection · presentation · honouring · clearing · reconciliation · processing · verification
cashier's chequepersonal check
Written order to pay
rubber cheque · bounced cheque · traveller's cheque · money order
cashier's chequecash
Ready spending funds
wire transfer · electronic funds transfer · direct deposit · instant payment · cryptocurrency
cashier's chequecash
Ready spending funds
cash payment · cryptocurrency · petty cash · barter · Bitcoin
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