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LSDefine

Simple English definitions for legal terms

traveler's check

Read a random definition: guarantee stock

A quick definition of traveler's check:

A traveler's check is a special type of check that you can use when you go on a trip. You buy it from a bank or finance company and it's like a piece of paper that you can use to pay for things. But, you have to sign it when you buy it and then sign it again when you use it. This is to make sure that nobody else can use it if it gets lost or stolen. It's a safe way to carry money when you travel!

A more thorough explanation:

Definition: A type of check that must be signed by the purchaser at the time of purchase and countersigned when cashed. It is payable on demand, drawn on or payable at a bank, and requires a countersignature by a person whose signature appears on the instrument. Traveler's checks are typically purchased from a bank or financing company and are available in various denominations.

Example: John is going on a trip to Europe and wants to make sure he has a safe way to carry money. He goes to his bank and purchases $500 worth of traveler's checks. When he needs to make a purchase, he can cash the traveler's check and get the local currency. He must sign the check when he purchases it and then countersign it when he cashes it.

This example illustrates how traveler's checks work. They are a safe way to carry money while traveling because they require a countersignature, which helps prevent fraud. They are also easy to cash at banks or exchange offices.

traveler | traveler's letter of credit

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General

General chat about the legal profession.
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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.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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