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Tags: banking, payment instruments
Categories: Economics & Finance
A travellers cheque is a check that is issued by a financial institution that can be used as a form of payment. Travellers cheques are most often used by those traveling because they are widely accepted as payment in many parts of the world, yet can be replaced if lost or stolen by the issuing financial institution. Travellers cheques are issued in a variety of monetary denominations such as the US Dollar, Euro, Japanese Yen, Canadian Dollar, Australian Dollar, and British Pound.
(source: http://www.wisegeek.com/what-is-a-travellers-cheque.htm)
Synonyms:
traveler's check
