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.

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 — UK }} US }} noun [C] BANKING ► UK BANK CHEQUE(Cf. ↑bank cheque) …   Financial and business terms

  • banker's draft — noun a draft drawn by a bank against funds deposited in another bank • Syn: ↑bank draft • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Etymology: banker ( …   Useful english dictionary

  • 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 — /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

  • banker's acceptance — ( BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including domestic as well as… …   Financial and business terms

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