Bank draft

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bank draft
bank check


Wikipedia English The Free EncyclopediaDownload this dictionary
Cashier's check
A cashier's check (also known as a cashier's cheque, bank check, official check, teller's check, bank draft or treasurer's check) is a check guaranteed by a bank. They are usually treated as cash since most banks clear them instantly. However, banks are permitted to take back money from a "cleared" check one or two weeks later if subsequent processing finds it to be fraudulent. Because customers believe the checks have been found valid and have been converted to cash in hand, they are readily defrauded by schemes which ask them to part with goods or a portion of the money.
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Cheque
A cheque (also spelled check - see Etymology and spelling) is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specific demand account held in the maker/depositor's name with that institution. Both the maker and payee may be natural persons or legal entities.
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WordNet 2.0 DictionaryDownload this dictionary
bank draft
Noun
1. a draft drawn by a bank against funds deposited in another bank
(synonym) banker's draft
(hypernym) draft, bill of exchange, order of payment


Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Bank draft
A draft addressed to a bank.
Free English-Vietnamese DictionaryDownload this dictionary
bank draft

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