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Cashier's Check
A type of check issued by a bank and guaranteed by the bank's funds. It is a safe and reliable form of payment for large transactions.
More Details
A cashier’s check is a type of check that is issued by a bank and is guaranteed by the bank's funds. This means that the funds for the cashier’s check are withdrawn from the bank's own account and are not drawn from the account of the person who is writing the check.
Example
If you are making an important, time-sensitive purchase such as a down payment on a house, the reliability and security of a cashier's check can provide peace of mind to both the payer and the payee.
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