bank draft

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bank draft

n
(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
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bank draft - a draft drawn by a bank against funds deposited in another bankbank 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

bank draft

ntratta bancaria
References in periodicals archive ?
MOTORISTS have been warned to watch out for bogus car scams after a worrying hike in the number of sellers being duped by fake bank drafts.
ISLAMABAD, February 06, 2011 (Frontier Star): Officials of the Land and Rehabilitation Directorate of the Capital Development Authority (CDA) committed crime by not depositing Pay Orders (POs) and Bank Drafts worth Rs.
ISLAMABAD, February 03, 2011 (Balochistan Times): Officials of the Land and Rehabilitation Directorate of the Capital Development Authority (CDA) committed crime for not depositing Pay Orders (POs) and Bank Drafts worth Rs.
A MAN has admitted carrying false cheques and bank drafts totalling more than pounds 69m.
He was jailed for six months, which meant his immediate release after he pleaded guilty to four charges of having false bank drafts and cheques in pounds and euros totalling more than pounds 69m.
Huang then signed off on bank drafts in the company's favour that resulted in losses of 700 million yuan, Xinhua said.
Only postal orders or bank drafts will be accepted.
Bank drafts are far easier to duplicate than bank notes.
Anyone who needs an on-the-spot visa or has passport or visa related queries can attend, although only postal orders or bank drafts will be accepted for the visa fee.
Bank of Ireland did not establish adequate systems and controls to monitor the issuing of bank drafts and did not check that its staff understood fully their anti-money laundering responsibilities in relation to the recognition and reporting of suspicious transactions.
The targeted company receives several small orders for goods from what purports to be a Nigerian corporation, along with legitimate bank drafts for payment.
The pair are believed to be operating across the North West using forged bank drafts.