bank draft

English - Turkish

Definition of bank draft in English Turkish dictionary

banka poliçesi

(Ticaret) ödeme emri

Related Terms

bank check

(Ticaret) banka çeki

English - English

Definition of bank draft in English English dictionary

When you purchase a bank draft (or bank check, travelers check or money order) payable to an international corporation, there is no requirement to report this transaction

(Bill Of Exchange)

a draft drawn by a bank against funds deposited in another bank

A draft addressed to a bank

A bank draft is a cheque which you can buy from a bank in order to pay someone who is not willing to accept a personal cheque. Payments should be made by credit card or bank draft in U.S. dollars. banker's draft a cheque from one bank to another, especially a foreign bank, to pay a certain amount of money to a person or organization

A negotiable bank instrument that has legal tender

A check drawn by one financial institution against funds deposited to its account in another institution Drafts are commonly purchased for making remittances to distant places where an institution's check is more acceptable than an individual's check, or where the payee of the check has requested that exchange be provided where his place of business is located Drafts offer a convenient way for a person without a checking account to pay bills in other towns or cities at nominal cost

An order to pay on demand; a draft drawn on one bank by another It is used to transfer funds and to settle outstanding balances between banks, or to provide a customer with funds payable at a bank in a distant location

bank check

An order by a bank, to another bank, to pay a third party Widely used before the establishment of clearinghouses, often drafted by small banks on their corresponding banks in larger cities

Turkish pronunciation

bängk dräft

Pronunciation

/ˈbaɴɢk ˈdraft/ /ˈbæŋk ˈdræft/

Etymology

[ 'ba[ng]k ] (noun.) 13th century. Middle English, probably of Scandinavian origin; akin to Old Norse bakki bank; akin to Old English benc bench; more at BENCH.