banker's draft
English edit
Alternative forms edit
Noun edit
banker's draft (plural banker's drafts or bankers' drafts)
- (UK) A type of financial instrument, used similarly to a cheque to make a payment or transfer money, but drawn on funds already taken from the payer's account and held by the bank, and hence seen as more certain of being honoured than a personal cheque.
Synonyms edit
- cashier's check (US)
References edit
- “banker's draft”, in OneLook Dictionary Search.
Further reading edit
- banker's draft on Wikipedia.Wikipedia