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 ?
The party has asked the candidates to attach with their applications a bank draft of Rs50,000 for a National Assembly ticket, Rs30,000 for a provincial assembly seat, Rs100,000 for a reserved seat for women and minorities in the National Assembly and Rs75,000 in a provincial assembly.
A bank draft is fine if a person knows in advance that he or she is going to claim a horse.
The targeted company receives several small orders for goods from what purports to be a Nigerian corporation, along with legitimate bank drafts for payment.
His driver meets the seller of the car, checks the car and hands over the bank draft.
While on Budget Billing, customers also can sign up for First Choice Power's FREE Automatic Bank Draft program, which allows them to save a stamp and never miss a payment.
Cleveland Police are warning traders to be extra vigilant when accepting bank drafts following a number of frauds involving high-value cars across the UK.
I also took advantage of the automatic bank draft, which made me eligible for an immediate interest-rate decrease.
Tender form will be issued on production of having deposited the earnest money in the shape of bank draft.
The acquired companies include (1) Check Recovery Systems, a leading NSF check recovery company serving small businesses and middle market companies; (2) NetChex, a bank draft processor offering merchants the ability to process check-based payments that settle electronically; (3) Universal Payment Solutions, a provider of data access tools necessary to effectively manage every facet of merchant processing for businesses requiring lower-cost ACH processing services.
The bogus buyer had asked owner Ross Campbell to stop for lunch and a pint while he pretended to sort out a bank draft to buy the car.
Mr Neary added: "Everybody is happy until the seller goes to the bank the following morning where he hands over the bank draft and it's a forgery.
July 15 /PRNewswire/ -- Check Recovery Systems, a market leader providing NSF check recovery to middle-market companies and small businesses throughout the United States, has merged with its sister companies, NetChex (end-to-end bank draft processing) and Universal Payment Solutions (ACH processing).