Investopedia

Continue to Site »

Traveler's Check

Filed Under » ,
Dictionary Says

Definition of 'Traveler's Check'

A medium of exchange that can be used in place of hard currency. Travelers' checks are often used by individuals who are traveling on vacation to foreign countries. The checks were first introduced by American Express back in 1891.
Investopedia Says

Investopedia explains 'Traveler's Check'

Travelers' checks provide a safe way to carry currency abroad. Security is provided against lost or stolen checks by the issuing party - usually a bank. Specific checks are given unique check numbers, similar to a normal check. When a lost or stolen check is identified, it is simply canceled and the individual is re-issued a new check.

Although banks issue the checks directly to individuals, they are produced by a separate party.

Articles Of Interest

  1.

    Save On Planes, Trains And Automobiles

    Getting to, and around, your travel destination doesn't need to break the bank.

  2. Budget-Friendly Summer Fun

    Keep the kids out of your hair and wallet by saving on summer camps, sports leagues, day trips and more.

  3. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  4. Forex: Wading Into The Currency Market

    We go over the ground rules and available resources needed for this undertaking.

  5. The Advantages Of Vacation Insurance

    With a few simple policy additions you can protect your holiday plans from being ruined.

  6. Travel Tips For Keeping You And Your Money Safe

    Take precautions to avoid being taken advantage of on your vacation.

  7. Globetrotting On A Budget

    Don't let a shoestring budget trip-up your vacation plans.

  8. Travel Smart By Planning How You'll Pay

    With a little pre-trip planning, you can avoid being stranded without adequate funds.

  9. Top 9 Vacation Destinations For Wall Street Geeks

    Indulge your inner geek with one of these financial-themed holiday getaways.

  10. Shoulder Season: Your Ticket To The Perfect Vacation

    Traveling during the sweet spot between high season and off season can save you money and stress.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Abatement Cost

    A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have created.

  2. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  3. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  4. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  5. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  6. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
Trading Center