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Bank draft |
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Bank draftA draft addressed to a bank.Bank draft Similar MatchesBanker's draftBanker's draftIn situations where a person owes money to a creditor, and the creditor is not prepared to accept a personal cheque because he thinks it might bounce, a banker's draft can provide a solution. It is simply a cheque made out to the creditor by the debtor's bank, and in the eyes of the creditor is much more secure. 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. Commercial draftCommercial draftDemand for payment. Usance DraftUsance DraftSee: Time Draft Sight draftSight draftDemand for immediate payment. Further SuggestionsdraftTime draft Overdraft overdraft Trade draft Overdraft facility |
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