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bank draft

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.04 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bank draftbank draft - a draft drawn by a bank against funds deposited in another bank
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
Translations
Spanish bank draft nletra de cambio
French bank draft ntraite f bancaire
German bank draft nBankanweisung f
Italian bank draft nassegno circolare or bancario

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? Mentioned in ? References in periodicals archive
 
Over the past several years, management has shifted the focus from collecting premiums door-to-door to bank draft and mail pay, and is expanding into the group life market.
Some mortgage companies offer biweekly payment or extra bank draft options for a set-up fee and monthly administrative fee.
The victim company--relying on its previously satisfactory business relationship--ships the goods, only to find out later the bank draft was fraudulent.
 
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