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demand draft

   Also found in: Acronyms, Wikipedia 0.03 sec.
demand draft
n.
See sight draft.
Translations
demand draft demand n → Sichtwechsel m
demand draft n (COMM) → tratta a vista
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The caller then issues a demand draft against your account for some sort of product or service, and the money is transferred by your bank to the caller's account.
FIGHT BACK : DO SCAM ARTISTS HAVE YOUR NUMBER? by Daily News (Los Angeles, CA)
A UPIC cannot be used to electronically debit an organization's account or create a check or demand draft, thus reducing the risk of unauthorized debits.
Payformance Offers Further Fraud Protection to Corporations Through ... by Business Wire
Reg E Xpress: Reg E Xpress(TM) is a phone-based electronic signature process specifically designed for one-off and recurring automated demand draft and debit authorization.
BSG Clearing Solutions Acquires Business Unit From VoiceLog for ... by Business Wire
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