bank draft

noun

1. a draft drawn by one bank on another.

bank draft

noun

1. 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 calledbanker's cheque

Word History and Origins

Origin of bank draft¹

An Americanism dating back to 1825–35

Example Sentences

For several years Peter Drew had regularly forwarded her a bank draft to cover the taxes.

From Project Gutenberg

A bank draft is simply the bank's cheque drawing upon its deposit with some other bank.

From Project Gutenberg

It will save a lot of trouble if you will have the bank draft made out in my name.

From Project Gutenberg

The 357 Captain drew out a bank-draft and handed it over to the surprised Elder.

From Project Gutenberg

Bank Draft—An order drawn by one bank on another for the purpose of paying money.

From Project Gutenberg

Related Words

• bill