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bank draft

a draft drawn by one bank on another.
Also called banker's bill.
1825-35, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for bank draft
  • 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.
British Dictionary definitions for bank draft

bank draft

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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