bank draft

noun
a draft drawn by one bank on another.
Also called banker's bill.


Origin:
1825–35, Americanism

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
bank draft
 
n
Also called: banker's cheque a cheque drawn by a bank on itself, which is bought by a person to pay a supplier unwilling to accept a normal cheque

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Once the currency is in bank draft form, the money launderer can more easily conceal the source of funds.
Senior citizen's discount and automatic bank draft application forms only.
If you choose to pay by monthly bank draft, your bank account will be drafted on the first business day of each month.
Pay online using an electronic bank draft from a checking or savings account.
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