Definition of Traveler's Checks

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TeachMeFinance.com - explain Traveler's Checks



Traveler's Checks -- A check designed for business travelers and tourists, issued by a financial institution of sufficient importance that it will be readily accepted or cashed by businesses and banks. For safety it is often designed to be countersigned twice by the traveler in order to be valid, once at issuance and once upon being cashed.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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