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

Last week, Bank of America’s lawyers also raised issues with the case by questioning the authenticity of the bank drafts that Davis sought to deposit.

From Washington Times

The complaint includes images of two apparent copies of the bank drafts.

From Washington Times

But it's understood that donations from the Sheikh were also made by bank draft and there could be a challenge over details of the amounts and how payments were handed over.

From BBC

The company says it also has millions in bank drafts it has been unable to deposit because banks have been unwilling to accept them.

From BBC

The court papers state that the company has substantial assets in various cryptocurrencies and that unreleased bank drafts in the company’s name total about $30 million, with $375,000 in cash held by others.

From New York Times

Related Words

• bill