bankdraft
nounUK /ˈbæŋk drɑːft/
US /ˈbæŋk dræft/
A bank draft is a special check that the bank promises to pay for you.
She paid for the car with a bank draft from her local bank.
RELATED WORDS
OTHER MEANINGS
2. A written order directing a bank to pay a specific sum to a named person.
The landlord asked for a bank draft to cover the first month's rent.
3. A secure payment method often used for large or international transactions.
He sent a bank draft to the overseas supplier.
4. A draft drawn by one bank on another bank or on itself.
The bank issued a draft on its correspondent bank in London.