banker's draft

a draft drawn by a bank against funds deposited in another bank
Syn: ↑bank draft
Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment

* * *

Etymology: banker (II)
: a check or bill drawn by one bank against balances deposited with another

* * *

banker's draft noun
A bill of exchange obtained from a bank by one of its customers, enabling the purchase of goods, etc by the presentation of the draft to the seller, the bank debiting the customer's account with that amount
• • •
Main Entry:bank

* * *

banker’s draft UK US noun [countable] [singular banker’s draft plural banker’s drafts]
a bank draft
Thesaurus: general words relating to bankinghyponym

* * *

ˈbank draft [bank draft] (also ˈbanker's draft) noun
a cheque paid by a bank to another bank or to a particular person or organization

Useful english dictionary. 2012.

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 — 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 — Fin a bill of exchange payable on demand and drawn by one bank on another. Regarded as being equivalent to cash, the draft cannot be returned unpaid. Also known as bank draft, banker’s check …   The ultimate business dictionary

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

  • banker's draft — See: bank draft …   Accounting dictionary

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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.