bank draft

bank draft
noun
a draft drawn by a bank against funds deposited in another bank
• Syn: ↑banker's draft
• Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment

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noun
Etymology: bank (IV)
: a demand draft drawn by one bank upon funds to its account in another bank

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a draft drawn by one bank on another.
Also called banker's bill.
[1825-35, Amer.]

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bank draft noun
A bill drawn by one bank upon another
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Main Entry: ↑bank

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bank draft UK US noun [countable] [singular bank draft plural bank drafts]
an order to pay someone that is sent from one bank to another bank, usually in a different country
Thesaurus: general words relating to bankinghyponym

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bank draft,
= bank bill. (Cf. ↑bank bill)

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n. a check drawn by a bank on its own funds in another bank

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noun, pl ⋯ drafts [count]
: a check from one bank to another bank for money to be paid to a particular person or organization
◇ In order to write a bank draft to another bank, a bank must have money in an account at that bank.

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ˈbank draft [bank draft] (also ˈbanker's draft) noun
a cheque paid by a bank to another bank or to a particular person or organization

Useful english dictionary. 2012.

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Look at other dictionaries:

  • bank draft — bank drafts N COUNT A bank draft is a cheque which you can buy from a bank in order to pay someone who is not willing to accept a personal cheque. Payments should be made by credit card or bank draft in U.S. dollars …   English dictionary

  • bank draft — also banker s draft n a cheque from one bank to another, especially a foreign bank, to pay a certain amount of money to a person or organization …   Dictionary of contemporary English

  • bank draft — n. a draft or bill of exchange drawn by a bank on another bank …   English World dictionary

  • bank draft — n. An order for payment of money drawn upon a bank by a bank officer, payable when the issuing bank accepts it. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • bank draft — bank ,draft noun count an order to pay someone that is sent from one bank to another bank, usually in a different country …   Usage of the words and phrases in modern English

  • bank draft — a written instruction to a bank s agent to pay a sum of money to the person specified on the draft. A safe and convenient way of remitting money overseas. Glossary of Business Terms A draft addressed to a bank. Bloomberg Financial Dictionary * *… …   Financial and business terms

  • Bank draft — A draft addressed to a bank. The New York Times Financial Glossary * * * bank draft ˈbank draft also ˈbanker s draft noun [countable] BANKING a cheque written by a bank and therefore certain to be paid. A customer can use a bank draft to pay… …   Financial and business terms

  • Bank Draft — A type of check where the payment is guaranteed to be available by issuing bank. Typically, banks will review the bank draft requester s account to see if sufficient funds are available for the check to clear. Once it has been confirmed that… …   Investment dictionary

  • bank draft — banker s cheque; = banker s draft A cheque drawn by a bank on itself or its agent. A person who owes money to another buys the draft from a bank for cash and hands it to the creditor who need have no fear that it might be dishonoured. A bank… …   Accounting dictionary

  • bank draft — banker s cheque; banker s draft A cheque drawn by a bank on itself or its agent. A person who owes money to another buys the draft from a bank for cash and hands it to the creditor who need have no fear that it might be dishonoured. A bank draft… …   Big dictionary of business and management

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