Bank draft

Bank Draft
A bank draft is a written order in the form of a check instructing the payment of money from one bank account to another. The bank draft is drawn by one bank against funds that it has deposited in an account at a second bank.

Bank Draft
Bank Draft definition :
A draft addressed to a bank.
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bank draft
check, drawn by a bank against its own funds deposited in another bank. Banks frequently use bank drafts when it is more convenient to write a bank check than to use a customer's check.

Bank draft
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BANK DRAFT - A payment method where your loan payment is automatically deducted from your checking or s...
BANK FLOAT - The time between the date a check is deposited in a bank and the date it is charged to the...

Bank Draft
A form of check drawn by a bank against its account in another bank.
Bank Guarantee ...

Bank draft - similar to a bank cheque but usually drawn in a foreign currency for an overseas payment.
Bank fees - charges made by a bank in return for their products and services.

Bank draft:
An international transfer of funds through an instrument very similar to a cheque.
Français: Transfert bancaire
Español: Giro bancario ...

bank draft
A guaranteed form of payment which is issued in amounts over $5,000.
draft ...

Bank draft
A draft addressed to a bank.
Bank holding company
A company that owns or has controlling interest in two or more banks and/or other bank holding companies.

Bank Draft - A type of check where the payment is guaranteed to be available by issuing bank. Typically, banks will review the bank draft requester's account to see if sufficient funds are available for the check to clear.

Bank draft
A draft addressed to a bank.
Bank wire
A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g.

Bank drafts, Bills of Exchange, Letters of Credit, guarantees. Bonds
Retention of ownership
In some countries ownership does not pass to the customer until the goods have been paid for.

checking account A bank account in which checks (bank drafts) may be written against deposited... CHF The currency of Switzerland. ISO international currency code: CHF. The... ChFC Chartered Financial Consultant.

Bank draft A draft addressed to a bank. Bank line Line of credit granted by a bank to a customer. Bank wire A computer message system linking major banks.

Bank draft
Bank Examiner
Bank for International Settlements (BIS)
Bank for International Settlements - BIS
Bank Guarantee
Bank holding company
Bank Holiday
Bank Insurance
Bank Insurance Fund (BIF)
Bank Investment Contract (BIC) ...

The district Federal Reserve Banks operate clearing houses for checks and bank drafts, issue new paper currency ("Federal Reserve notes") for sale to member banks on demand, withdraw worn-out currency from circulation, ...

A wholesaler would rarely have a designated reporting transaction and therefore, need not report transactions paid with cashier's checks, bank drafts, traveler's checks or money orders.

For instance, wire transfers, bank drafts etc. Wire transfers are more or less one of the easiest and quickest ways of transferring money to India.

money orders, cheque, bank drafts).
Short-term investments - include securities bought and held for sale in the near future to generate income on short-term price differences (trading securities).

The rationing of foreign currencies, bank drafts, and other instruments for settling international financial obligations by countries seeking to ameliorate acute balance-of-payments difficulties.

A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360-day year.
Bank draft
A draft addressed to a bank.
Bank holding company ...

A process within the banking system that allows banks to collect or pay out for items drawn on or paid into accounts within their institution. This process enables banks to accept cheques and bank drafts from other financial institutions for deposit.

Clearing & Settlement Banks: The process whereby banks collect or pay out items drawn on or paid into accounts in their institution. This process enables banks to accept each other's cheques and bank drafts for deposit.

The process whereby banks collect or pay out items drawn on or paid into accounts in their institution. This process enables banks to accept each other's cheques and bank drafts for deposit. The CPA operates Canada's clearing system.

A signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight or at a specific date. Typical bank drafts are negotiable instruments and are similar in many ...

[Harvey] bank draft A check drawn by one bank against funds deposited to its account in another bank. [ITDS] A check written by one bank on its account with another bank. [OTS] A draft addressed to a bank.

See also: Bills, Banks, Expense, Saving, Optimal