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Traveler's check

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Traveler's check
A traveler's cheque (also traveler's cheque, travelers cheque, traveler's check, or travelers check) is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
    
As a traveler's cheque can usually be replaced if lost or stolen, they are often used by people on vacation in place of Cash. The use of credit cards has, however, rendered them less important than they previously were; there are few places that do not accept credit cards but do accept traveler's cheques - in fact, many places do not NOW accept the latter.
    
Check issued by a financial Institution which functions as Cash but is protected against loss or theft. Traveler's checks are useful when traveling, especially in case of overseas travel when not all credit and debit cards carried by a person Will be accepted. A charge or Commission is usually incurred when a person exchanges Cash for traveler's checks, though some issuers provide them free of charge.
Posted by  Marcus Evans (ANZ) Limited
 
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