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LSDefine

Simple English definitions for legal terms

cashier's check

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A quick definition of cashier's check:

A cashier's check is a special type of check that a bank creates and guarantees. When someone buys a cashier's check, they give the bank the money for the check plus a fee. The bank then creates a check for that amount, made out to the person or organization the buyer wants to pay. The bank guarantees that the check will be good, so the person or organization can be sure they will get the money.

A more thorough explanation:

A cashier’s check is a type of check that is guaranteed by the bank that issues it. It is a secure way to make large payments because the bank verifies that the funds are available before issuing the check.

The bank draws the check on itself, meaning that the bank is both the drawer and the drawee. The bank is responsible for paying the amount of the check to the person or organization named as the payee.

John wants to buy a car from Sarah, but the car costs $10,000, which is too much to pay in cash. Instead, John goes to his bank and requests a cashier’s check for $10,000 made out to Sarah. The bank verifies that John has enough money in his account to cover the check and issues the cashier’s check to him. John gives the check to Sarah, who can be confident that the check will clear because it is guaranteed by the bank.

Another example is when a person needs to make a down payment on a house. The seller may require a cashier’s check to ensure that the funds are available and the payment is secure.

These examples illustrate how a cashier’s check is a secure way to make large payments because the bank verifies that the funds are available before issuing the check.

cash surrender value | castle doctrine

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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