demanddraft
nounUK /dɪˈmɑːnd drɑːft/
US /dɪˈmænd dræft/
A special bank check that you pay for in advance so someone can get the money safely.
She sent a demand draft to pay for her new bicycle.
RELATED WORDS
OTHER MEANINGS
2. A written order asking a bank to pay a fixed amount to a person or company.
The school asked for a demand draft for the trip fee.
3. A secure way to send money when the receiver does not know the sender.
He used a demand draft to pay the online shop.
4. A payment method often used for large or official payments.
They paid the house deposit with a demand draft.