What does cashier's check mean?

cashier's check meaning in Legal Dictionary

n. a check granted by a bank by itself account for the amount compensated towards lender because of the buyer with a named payee, and stating title regarding the party buying the check (the remitter). The check is gotten as cash as it is assured because of the lender and will not depend on the account of a personal individual or company. Cashiers' checks can be made use of whenever repayment should be paid immediately upon receipt for business, property transfers, income tax payments and stuff like that.

cashier's check meaning in Business Dictionary

always check authored by a bank (or other financial institution) on its own funds, and signed because of the bank's cashier or any other these types of officer. Cashier's check is employed primarily for disbursing profits of that loan to a client, or to a third-party named by the client. In contrast, a professional check is drawn in the customer's resources. Also known as formal check, manager's check, or treasurer's check.

cashier's check meaning in General Dictionary

a check released because of the officer of a bank on finance companies own account (not too of an exclusive person)