A draft addressed to a bank. The New York Times Financial Glossary
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a cheque written by a bank and therefore certain to be paid. A customer can use a bank draft to pay someone who will not accept a personal cheque:
• Payment may be made by a bank draft drawn on a UK bank.
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bank draft UK US noun [C] BANKING
► (US an instruction to your bank for them to allow someone else to take money from your account: »
Every month her mortgage is paid automatically by bank draft.
Financial and business terms. 2012.