A misdemeanor (American English) or misdemeanour (British English) is any lesser criminal act in some common law legal systems. Misdemeanors are generally punished less severely than felonies, but theoretically more so than administrative infractions (also known as minor, petty, or summary offences) and regulatory offences. Many misdemeanors are punished with monetary fines.
Travelers checks represent a form of prepaid money exchangeable for goods or services on the same basis as local currency. This payment method is considered to be safer than carrying cash because identification and signature verification are required to cash a travelers check.
BREAKING DOWN '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.REAKING DOWN '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.