banker’s draft

Definitions

Accounting

  • noun
    (written as banker's draft)
    a draft payable by a bank in cash on presentation.
  • acronymB/D

Banking

  • noun a draft payable by a bank in cash on presentation.

Economics

  • noun
    (written as banker's draft)
    an order by one bank telling another bank (usually in another country) to pay money to someone.

Real Estate

  • noun a bill of exchange drawn by one bank on another, which constitutes cleared funds
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