A bank draft is a cheque which you can buy from a bank in order to pay someone who is not willing to accept a personal cheque.
Payments should be made by credit card or bank draft in U.S. dollars.
bank draft in British English
noun
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
bank draft in American English
a draft or bill of exchange drawn by a bank on another bank
bank draft in Finance
(bæŋk dræft)
Word forms: (regular plural) bank drafts
noun
(Finance: Banking)
A bank draft is a check where the bank guarantees payment, or an automatic electronic payment from a bank account.
A bank draft is more likely to be accepted when purchasing goods abroad because the foreign exporterknows that even if the company purchasing the goods goes bankrupt, it will still bepaid off.
A bank draft is a promise of payment similar to a check that is issued by a firm, payable at somefuture date, and guaranteed for a fee by the bank that stamps it accepted.
A bank draft is a check where the bank guarantees payment, or an automatic electronic paymentfrom a bank account.
Examples of 'bank draft' in a sentence
bank draft
And he was bringing you a bank draft for a great sum of money?
St. James, Ian FINAL RESORT
I told you Leo was bringing me a bank draft for four hundred thousand pounds.
St. James, Ian FINAL RESORT
Tempted to say the cheque would bounce, she was glad to have held her tongue when he had talked of a bank draft.
St. James, Ian FINAL RESORT
Here's the bank draft ," the attorney said, passing me an envelope.