|
 |
||
 |
| This dictionary contains: 24549 financial terms |
 |
Cashier's check
|
|
Cashier's checkA check drawn directly on a customer's account, making the bank the primary obligor, and assuring firm that the amount will be paid.
RELATED TERMS--------------------------------------
Check
A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party.
Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Obligor
A person who has an obligation to pay off a debt.
Firm
1) Refers to an order to buy or sell that can be executed without confirmation for some fixed period. 2) A synonym for company.
Will
The written expression of a person's wishes as to how his property should be distributed by his executors.
SIMILAR TERMS--------------------------------------
Warning: mysql_fetch_array(): supplied argument is not a valid MySQL result resource in /home/fin/public_html/lincari.php on line 147
PREVIOUS AND NEXT TERMS--------------------------------------
Cash transaction
A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).
Cash value life insurance
A life insurance policy which pays a benefit on the death of the insured but which also provides a savings element where benefits are payable before death.
Cashback
A sales incentive, commonly used on mortgages, which gives customers a cash sum as soon as the deal is signed. Typically linked to heavy redemption fees.
Cashbook
An accounting book that is composed of cash receipts plus disbursements. This balance is posted to the cash account in the ledger.
Cashed-Based
Referring to an option or future that is settled in cash when exercised or assigned. No physical entity, either stock or commodity, is received or delivered.
Cashier's check
Cashout
Occurs when a firm runs out of cash and cannot readily sell marketable securities.
Cashout laws
These laws enable shareholders to sell their stakes to a "controlling" shareholder at a price based on the highest price of recently acquired shares.
Casualty insurance
Insurance which gives protection to a business or homeowner against property loss, damage and injury to a third party.
Casualty loss
A financial loss caused by damage, destruction, or loss of property as a result of an unexpected or unusual event.
Catastrophe call
Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that provided the revenue source backing the bond.
RELATED TERMS--------------------------------------
Check
A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party.
Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Obligor
A person who has an obligation to pay off a debt.
Firm
1) Refers to an order to buy or sell that can be executed without confirmation for some fixed period. 2) A synonym for company.
Will
The written expression of a person's wishes as to how his property should be distributed by his executors.
SIMILAR TERMS--------------------------------------
Warning: mysql_fetch_array(): supplied argument is not a valid MySQL result resource in /home/fin/public_html/lincari.php on line 147
PREVIOUS AND NEXT TERMS--------------------------------------
Cash transaction
A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).
Cash value life insurance
A life insurance policy which pays a benefit on the death of the insured but which also provides a savings element where benefits are payable before death.
Cashback
A sales incentive, commonly used on mortgages, which gives customers a cash sum as soon as the deal is signed. Typically linked to heavy redemption fees.
Cashbook
An accounting book that is composed of cash receipts plus disbursements. This balance is posted to the cash account in the ledger.
Cashed-Based
Referring to an option or future that is settled in cash when exercised or assigned. No physical entity, either stock or commodity, is received or delivered.
Cashier's check
Cashout
Occurs when a firm runs out of cash and cannot readily sell marketable securities.
Cashout laws
These laws enable shareholders to sell their stakes to a "controlling" shareholder at a price based on the highest price of recently acquired shares.
Casualty insurance
Insurance which gives protection to a business or homeowner against property loss, damage and injury to a third party.
Casualty loss
A financial loss caused by damage, destruction, or loss of property as a result of an unexpected or unusual event.
Catastrophe call
Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that provided the revenue source backing the bond.
We thank you for using the Financial Dictionary to search for Cashier's check. If you have a better definition for Cashier's check than the one presented here, please let us know by making use of the suggest a term option. This definition of Cashier's check may be disputed by other professionals. Our attempt is to provide easy definitions on Cashier's check and any other medical topic for the public at large.
This dictionary contains 24549 terms.
|
|