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Meaning of "bank draft" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF BANK DRAFT

bank draft play
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GRAMMATICAL CATEGORY OF BANK DRAFT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Bank draft is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES BANK DRAFT MEAN IN ENGLISH?

Cashier's check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions. When a customer asks a bank for a cashier's check, the bank debits the amount from the customer's account immediately, and then the bank assumes the responsibility for covering the cashier's check. This is in contrast with a personal check, where the bank does not debit the amount from the customer's account until the check is deposited or cashed by the recipient. Cashier's checks deposited into a bank account are usually cleared the next day. It is the customer's right to request "next-day availability" when depositing a cashier's check in person. Most banks do not clear them instantly. However, banks are permitted to take back money from a "cleared" check one or two weeks later if subsequent processing finds it to be fraudulent.

Definition of bank draft in the English dictionary

The definition of bank draft in the dictionary is a cheque drawn by a bank on itself, which is bought by a person to pay a supplier unwilling to accept a normal cheque Also called: banker's cheque.

WORDS THAT BEGIN LIKE BANK DRAFT

bank acceptance
bank account
bank annuities
bank balance
bank bill
bank card
bank charges
bank clerk
bank deposit
bank discount
bank engine
Bank for International Settlements
Bank Giro
Bank Giro Credit
bank holiday
bank loan
bank manager
Bank of England
bank on
bank raid

WORDS THAT END LIKE BANK DRAFT

aircraft
antidraft
backdraft
banker´s draft
craft
demand draft
draft
foreign draft
graft
indraft
kraft
overdraft
predraft
redraft
rough draft
sight draft
skeleton draft
time draft
up-draft
warcraft

Synonyms and antonyms of bank draft in the English dictionary of synonyms

SYNONYMS

Translation of «bank draft» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF BANK DRAFT

Find out the translation of bank draft to 25 languages with our English multilingual translator.
The translations of bank draft from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «bank draft» in English.

Translator English - Chinese

银行汇票
1,325 millions of speakers

Translator English - Spanish

giro bancario
570 millions of speakers

English

bank draft
510 millions of speakers

Translator English - Hindi

बैंक ड्राफ्ट
380 millions of speakers
ar

Translator English - Arabic

مشروع البنك
280 millions of speakers

Translator English - Russian

банковский чек
278 millions of speakers

Translator English - Portuguese

cheque bancário
270 millions of speakers

Translator English - Bengali

ব্যাংক খসড়া
260 millions of speakers

Translator English - French

projet de banque
220 millions of speakers

Translator English - Malay

draf bank
190 millions of speakers

Translator English - German

Bankwechsel
180 millions of speakers

Translator English - Japanese

銀行為替手形
130 millions of speakers

Translator English - Korean

은행 어음
85 millions of speakers

Translator English - Javanese

Bank draft
85 millions of speakers
vi

Translator English - Vietnamese

dự thảo ngân hàng
80 millions of speakers

Translator English - Tamil

வங்கி வரைவு
75 millions of speakers

Translator English - Marathi

बँकेचा मसुदा
75 millions of speakers

Translator English - Turkish

Banka taslağı
70 millions of speakers

Translator English - Italian

bonifico bancario
65 millions of speakers

Translator English - Polish

przekaz bankowy
50 millions of speakers

Translator English - Ukrainian

банківський чек
40 millions of speakers

Translator English - Romanian

proiectul de banca
30 millions of speakers
el

Translator English - Greek

τραπεζική επιταγή
15 millions of speakers
af

Translator English - Afrikaans

bank konsep
14 millions of speakers
sv

Translator English - Swedish

bankväxel
10 millions of speakers
no

Translator English - Norwegian

bankremisse
5 millions of speakers

Trends of use of bank draft

TRENDS

TENDENCIES OF USE OF THE TERM «BANK DRAFT»

The term «bank draft» is regularly used and occupies the 71.227 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
67
/100
The map shown above gives the frequency of use of the term «bank draft» in the different countries.
Principal search tendencies and common uses of bank draft
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «bank draft».

FREQUENCY OF USE OF THE TERM «BANK DRAFT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «bank draft» during the past 500 years. Its implementation is based on analysing how often the term «bank draft» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about bank draft

EXAMPLES

10 ENGLISH BOOKS RELATING TO «BANK DRAFT»

Discover the use of bank draft in the following bibliographical selection. Books relating to bank draft and brief extracts from same to provide context of its use in English literature.
1
Working Capital Management And Control: Principles And Practice
And, a bank draft is also a bill of exchange, invariably a demand bill of exchange, wherein both the drawer and the drawee are the two branches of the same bank or of two different banks, e.g., (i) a bank draft issued by State Bank of India, ...
Satish B. Mathur, 2007
2
New Developments in International Commercial and Consumer ...
doctrine considers the bank draft guarantee to be a fiduciary transaction and, if this is correct, it will also enable us to understand the relationship between the drawer and the beneficiary. In the opinion of other commentators, however, the draft ...
International Academy of Commercial and Consumer Law. Conference, Jacob S. Ziegel, Shalom Lerner, 1998
3
The Malaysia-Indonesia Remittance Corridor: Making Formal ...
Saudi Arabia returnees: □ Three of the participants used bank draft only during their working period in KSA. Their employers were the ones who did the process of sending the bank draft to their family members using postal service. The bank ...
‎2008
4
The Law of Letters of Credit and Bank Guarantees
Remittance of bill of exchange or bank draft As an alternative to remitting cash, the importer can purchase a bill of exchange from a bank (a bank draft) and remit it to the exporter. A variation in this method could be that the importer gets its ...
Agasha Mugasha, 2003
5
Routledge German Dictionary of Business, Commerce, and ...
BANK bank debts, indebtedness to banks; Bankvermögen ni BANK bank assets; Bankvorschriften //;/ BANK bank requirements; Bankwechsel ni BANK bank acceptance, bank bill, bank draft (BID. B/Dft). bank paper, banker's bill, banker's draft; ...
‎1997
6
Business Law
Because, in that event, the bank draft could as well be used as a currency note, as the title to a bearer bank draft also could be transferred merely by delivery, without any endorsement thereon. But, in the case of an order bank draft, the title  ...
Mathur, 1974
7
Bank Inspection
Credit: Charges on Repurchased DraftAccount. lost or stolen Bank Draft In view of the unnecessary inconveniences suffered a. by a customer when a bank draft issued to him got lost or stolen, a new draft may be issued in replacement of the ...
Roseline Oluwatoyin Oluitan, 2012
8
Metropolitan system of bookkeeping
A Bank Draft is an order drawn by one bank on a bank in another city, payable to the order of a person. Parties. 'There are three parties to a bank draft: the drawer, the pages and the drawce. The drawer is the bank that draws the draft.
W.A. Sheaffer
9
The Global Economy and International Financing
The drawee could be either the buyer, in which case the draft is called a trade draft, or the buyer's bank, in which case the draft is called a bank draft. A draft may be drawn as a bearer instrument, or it may designate a person to whom payment ...
Henri L. Beenhakker, 2001
10
Commercial Bank Management
Bank Draft: Bank Draft is a pre-paid negotiable instrument, wherein the drawee bank undertakes to make payment in full when the instrument is presented by the payee for payment. The demand draft is made payable on a specified branch of ...
Kanhaiya Singh, Vinay Dutta, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «BANK DRAFT»

Find out what the national and international press are talking about and how the term bank draft is used in the context of the following news items.
1
allAfrica.com: Nigeria: Banking - Nigerians Groan Under COT …
Investigations revealed that major banks take excess charges on CoT, interests and facility fees, above the limit fee, CoT shortfall, bank draft fee ... «AllAfrica.com, Jul 15»
2
The Tip-Off: Beach House Vacation Scheme.
Which is why when the renter asked for payment by bank draft. "I got that uneasy feeling. A bank draft or whatever. That just sounded wrong ... «WFMY News 2, Jul 15»
3
DU issues phone scam warning
Payments also can be made in the main lobby on Central Parkway, online at decaturutilities.com, by mail, through automatic bank draft and at ... «The Decatur Daily, Jul 15»
4
Bids and Proposals 7-1-15
A certified check or bank draft payable to the order of the Urban Redevelopment Authority of Pittsburgh, negotiable U.S. Government Bonds (at ... «New Pittsburgh Courier, Jul 15»
5
Exclusive excerpt: 'A School for Brides' by Patrice Kindl
... thereby relieving their guardians of the necessity of bothering about them even to the extent of sending a bank draft for school expenses and ... «USA TODAY, Jul 15»
6
SPIC notifies recruitment for Data Entry Operator 2015
... printout of e-Application form and attach the photograph and Bank Draft (if any) with form and bring it along with them at the time of interview. «India Today, Jun 15»
7
Guatemala's ICG to deploy Intix data warehouse at four major banks..
ICG is a prominent Market Infrastructure that acts as a bank draft administrator for Clearing House, Automated Clearing House (ACH) and ... «Finextra, Jun 15»
8
Former Archbishop Burke: I had sex with woman when I could not …
He met her in London and gave her a bank draft for €90,000 and €10,000 cash, he said. He paid her “because I was simply terrorised and ... «Irish Independent, Jun 15»
9
Cop touched by residents' gift
Caring gesture: Chew (front, fourth from left) handing a mock bank draft for RM3,000, collected from various donors, to Sgt Ramis (third from ... «The Star Online, Jun 15»
10
Vineland Municipal Utilities New Billing Software Provides More …
Those customers currently participating in the Preauthorized Payment Plan (Automatic Bank Draft) through VMU will not require any action. «SNJ Today, Jun 15»

REFERENCE
« EDUCALINGO. Bank draft [online]. Available <https://educalingo.com/en/dic-en/bank-draft>. May 2024 ».
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