banker's draft


banker's draft

Accounting dictionary. 2014.

Look at other dictionaries:

  • banker's draft — banker s drafts N COUNT A banker s draft is the same as a bank draft. You pay for the car by banker s draft in the local currency …   English dictionary

  • banker's draft — banker s .draft n ↑bank draft …   Dictionary of contemporary English

  • banker's draft — A form of cheque but where the commitment to pay is on the bank rather than the customer, so making it far safer than the customer s own cheque which the bank may bounce where funds are insufficient. Easyform Glossary of Law Terms. UK law terms …   Law dictionary

  • banker's draft — UK }} US }} noun [C] BANKING ► UK BANK CHEQUE(Cf. ↑bank cheque) …   Financial and business terms

  • banker's draft — noun a draft drawn by a bank against funds deposited in another bank • Syn: ↑bank draft • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Etymology: banker ( …   Useful english dictionary

  • Banker's draft — A banker s draft (also called a bank cheque ) is a cheque (or check) where the funds are taken directly from the financial institution rather than the individual drawer s account.A normal cheque represents an instruction to transfer a sum of… …   Wikipedia

  • banker's draft — UK / US noun [countable] Word forms banker s draft : singular banker s draft plural banker s drafts a bank draft …   English dictionary

  • banker's draft — /bæŋkəz ˈdraft/ (say bangkuhz drahft) noun → bank draft …   Australian English dictionary

  • banker’s draft — /ˌbæŋkəz drɑ:ft/ noun a draft payable by a bank in cash on presentation …   Dictionary of banking and finance

  • draft — A written order drawn by one party, called a drawer, that directs a second party (almost always a bank), called a drawee, to pay a sum of money to a third party, called the payee. For example, a check. Drafts are used with letters of credit.… …   Financial and business terms