Definition of banker's draft in English:

Share this entry

banker's draft

noun

Another term for bank draft.
Example sentences
  • Cash is an obvious way to pay, but in reality few people have enough money sitting around to be able to write a cheque or arrange a banker's draft without saving up for several years first.
  • That bank presents the banker's draft for payment to the drawee bank through the usual clearing channels available for cheques.
  • However, when you receive payment, the cheque or banker's draft will be for an amount that is considerably more than your asking price.

For editors and proofreaders

Line breaks: banker's draft

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.