Definition, Meaning & Synonyms
bankers-check
Noun
/ˈbæŋ.kɚz tʃɛk/
Definition
A banker’s check is a check that is guaranteed by a bank, drawn on the bank’s own funds and signed by an authorized officer of the bank.
Examples
- The seller requested a banker’s check for the property purchase.
- We received a banker’s check as a deposit for the rental.
- For large transactions, a banker’s check offers peace of mind.
Meaning
It is often used to make payments that require more security than a personal check, as it is backed by the bank’s funds.
Synonyms
- Cashier’s check
- Certified check
