.
Google

AddThis Social Bookmark Button Post this question to del.icio.us   Post this question to digg   Post this question to blinklist   Post this question to Furl   Post this question to YahooMyWeb   Simpify! this news item   Post this question to shadows   Post this question to Spurl   Post this question to BuddyMarks Social bookmark this page

Free US Law Dictionary

BETA

BROWSE TERMS: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

FIND TERM:

Related Phrases
  • Audit
  • Coroner
  • Breathalyzer
  • Impound
  • Exonerate
  • Disbar
  • Service of Process
  • Forgery

Certified Check

A cashier's check (also known as a cashier's cheque, bank check, official check, teller's check, bank draft or treasurer's check) is a check guaranteed by a bank. They are usually treated as cash since most banks clear them instantly. However, banks are permitted to take back money from a "cleared" check one or two weeks later if subsequent processing finds it to be fraudulent. Because customers believe the checks have been found valid and have been converted to cash in hand, customers are readily defrauded by schemes which ask them to part with goods or a portion of the money if it is cleared in a timely manner.[1][2]

Example of a voided cashier's check, this one issued by Integrated Payment Systems (as evidenced in the lower left corner of the check), on behalf of Community Bank.
Related Law Blog Posts

Related Law Questions
Lawyers and Law Students! Can you improve this definition? Send us your improvements and we'll provide a link back to your website or blog.
US Law
#1 Online Legal Resource


Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree


Practice Area
Zip Code:

Contact a Lawyer Now!












Click here
0.3323 secs