traveler's check

traveler's check
An instrument, usually one of a set, purchased from a bank or other financially responsible institution, as a source of ready money on cashing the instrument, while traveling in the country or abroad, without identification other than the signature of the purchaser. 10 Am J2d Banks § 546. An instrument constituting a complete purchase and sale of credit, having the characteristics of a cashier's check where issued by a bank, and constituting a foreign bill of exchange. 11 Am J2d B & N § 17. The instrument usually provides and is in such form that the check must be signed by the purchaser when obtained and countersigned again by him when he receives payment. It is the second signature which is the instrument's final currency. Paulink v American Express Co. 265 Mass 182, 163 NE 740, 62 ALR 506.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

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  • traveler's check — traveler s ,check noun count a printed piece of paper that you sign and use as money when you are traveling, that can be replaced if it is lost or stolen …   Usage of the words and phrases in modern English

  • traveler's check — noun a letter of credit issued by a bank or express company that is payable on presentation to any correspondent of the issuer • Syn: ↑traveller s check, ↑banker s check • Hypernyms: ↑traveler s letter of credit, ↑traveller s letter of credit * * …   Useful english dictionary

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  • traveler's check — a check issued in any of various denominations by a bank, travel agency, etc., that is signed by the purchaser upon purchase and again, in the presence of the payee, when cashing the check or using it to pay for goods or services. [1905 10] * * * …   Universalium

  • traveler's check — trav′eler s check n. a check issued in any of various denominations by a bank, travel agency, etc., that is signed by the purchaser upon purchase and again when being cashed or used • Etymology: 1905–10 …   From formal English to slang

  • traveler's check — noun A check , requiring a specimen signature and a countersignature; this is usually prepaid and drawn against the banks own funds, rather than drawn against the signatorys account …   Wiktionary

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