banker's draft

English

Alternative forms

• banker's draught

Noun

banker's draft (plural banker's drafts or bankers' drafts)

1. (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

• cashier's check (US)

References

• “banker's draft”, in OneLook Dictionary Search.

Further reading

• banker's draft on Wikipedia.Wikipedia