bankersdraft
nounUK /ˈbæŋkəz drɑːft/
US /ˈbæŋkərz dræft/
A special check from a bank that is sure to be paid.
She paid for the car with a banker's draft.
RELATED WORDS
OTHER MEANINGS
2. A payment order drawn by one bank on another bank.
The company settled the invoice with a banker's draft.
3. A secure way to send money when a personal check is not accepted.
The landlord asked for a banker's draft instead of a personal check.
4. A written instruction from a bank guaranteeing funds to the payee.
He got a banker's draft from his branch to pay the deposit.