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WordNet-Online
Definitions from WordNet
Noun cashier's cheque has 1 sense
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Definitions from the WebCashier's ChequeDefinition:A cashier's cheque, also known as a bank cheque or official cheque, is a type of cheque issued by a bank on its own account. This type of cheque guarantees the payment as it is drawn against the bank's own funds rather than the funds of an individual account holder. Usage:Part of Speech: NounSense: Financial TransactionWhen making a large purchase, such as a car or real estate, many sellers require a cashier's cheque to ensure immediate payment. Example sentence: She handed the cashier's cheque to the car dealer to complete the payment for her new vehicle. Sense: Payment MethodSome people prefer using cashier's cheques instead of personal cheques when paying bills to ensure the funds are available and the payment is secure. Example sentence: He mailed a cashier's cheque to the utility company to pay his monthly bill. Sense: Security DepositLandlords often ask tenants to provide a cashier's cheque as a security deposit to ensure that the funds are valid in case of any damages or unpaid rent. Example sentence: The tenant issued a cashier's cheque to the landlord as a security deposit for the rented apartment. Related Products: | ||||
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