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LSDefine

Simple English definitions for legal terms

traveler's check

Read a random definition: Accelerated Cost Recovery System

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 chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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