Definition of bank draft in English:

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bank draft


A cheque drawn by a bank on its own funds.
Example sentences
  • He gave the PCEC a copy of a bank draft to prove it.
  • I also took advantage of the automatic bank draft, which made me eligible for an immediate interest-rate decrease.
  • Garda sources said a recurring feature of cheque and bank draft scams by professional criminals is that a naive company insider is persuaded to take most of the risk.

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