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bank draft

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.01 sec.
bank draft
n
(Economics, Accounting & Finance / Banking & Finance) a cheque drawn by a bank on itself, which is bought by a person to pay a supplier unwilling to accept a normal cheque Also called banker's cheque
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bank draftbank draft - a draft drawn by a bank against funds deposited in another bank
banker's draft
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
Translations
bank draft n → tratta bancaria
bank draft n → tratta bancaria


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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.
A new vision: as agents and carriers recognize the underserved ... by Green, Meg / Best's Review
Some mortgage companies offer biweekly payment or extra bank draft options for a set-up fee and monthly administrative fee.
Build home equity faster: using these mortgage payment tricks can ... by Sidime, Aissatou / Black Enterprise
The victim company--relying on its previously satisfactory business relationship--ships the goods, only to find out later the bank draft was fraudulent.
Foreign advance-fee scams: there are many variations of these con ... by Wells, Joseph T. / Journal of Accountancy
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