n. a check issued by a bank on its own account for the amount pai...

A check drawn on a bank. A cashier's check leaves no doubt that the funds represented by the check are real. A bank money order or a certified check would also assure the payee that the funds are [..]

Definition A check which cannot bounce because its face amount is paid to the bank when it is issued, and the bank then assumes the obligation.

see check

See check, cashier's.

A check whose payment is guaranteed because it was paid for in advance and is drawn on the bank's account instead of the customer's.

For a cashier's check, you provide cash or money from your account in the amount of the check plus a service charge (usually form $2 to $5). You also tell the institution who is receiving [..]

A check drawn on the funds of the bank, not against the funds in a depositor's account. However, the depositor paid for the cashier's check with funds from their account. The primary benefit [..]

is a check that guarantees the availability of the underlying funds because it is drawn upon and issued by the bank itself.

Cashier’s Check is a check guaranteed by a bank. The check is issued by the authorized officer of a bank and is directed to another person. The check evidences the fact that the payee is authorized to [..]

A check drawn on and issued by a bank. It does not usually bounce because its face amount is paid to the bank when it is issued and the bank then assumes the obligation.

n. a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter). The check is [..]

A check whose face amount is paid to the bank when it is issued. The bank then assumes the obligation, so the check, therefore, cannot bounce.

A check issued by a bank, drawn on its own funds rather than on one of its depositor's funds.

A check drawn directly on a customer's account, making the bank the primary obligor, and assuring firm that the amount will be paid.