Traveler’s check

Checks issued by banks or financial companies that are used primarily in international travel, are denominated in fixed amounts in a specific currency and must be acknowledged with a (settlement) signature upon receipt of payment. The issuance of such checks requires a license in Germany, and the business is subject to supervision; see also Section 1, Para. 3, № 4 KWG. – See card, travel credit letter, travel means of payment. – Cf. BaFin Annual Report 2002, p. 84.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/