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Bank draft |
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Bank draftA draft addressed to a bank.Bank draft Similar MatchesTime draftTime draftDemand for payment at a stated future date. Usance DraftUsance DraftSee: Time Draft Overdraft facilityOverdraft facilityThis is a facility on the Bank Account which allows customers to borrow up to a pre determined limit. This limit must be agreed in advance and is subject to status. Overdraft checking accountOverdraft checking accountA checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. DraftDraftAn order in writing by one party to another party to pay a specified sum to a third party or bearer on a particular date. The party making the order or drawing the draft is known as the drawer. The party to whom the bill is addressed is the drawee (for example a bank). The party to whom the bill is payable is the payee. Further SuggestionsTrade draftCommercial draft Overdraft Sight draft banker's draft overdraft |
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