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Meaning of "banker's draft" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF BANKER'S DRAFT

banker's draft  [ˈbæŋkəz drɑːft] play
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GRAMMATICAL CATEGORY OF BANKER'S DRAFT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Banker's 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 BANKER'S DRAFT MEAN IN ENGLISH?

Banker's draft

A banker's draft is a cheque where the funds are taken directly from the financial institution rather than the individual drawer's account. A normal cheque represents an instruction to transfer a sum of money from the drawer's account to the payee's account. When the payee deposits the cheque into their account, the cheque is verified as genuine and the transfer is performed. Any individual or company operating a current account has authority to draw cheques against the funds stored in that account. However, it is impossible to predict when the cheque will be deposited after it is drawn. Because the funds represented by a cheque are not transferred until the cheque is deposited and cleared, it is possible the drawer's account may not have sufficient funds to honour the cheque when the transfer finally occurs. This dishonoured or 'bounced' cheque is now worthless and the payee receives no money, which is why cheques are less secure than cash. By contrast, when an individual requests a banker's draft they must immediately transfer the amount of the draft from their own account to the bank's account.

WORDS THAT RHYME WITH BANKER'S DRAFT


aircraft
ˈɛəˌkrɑːft
antidraft
ˌæntɪˈdrɑːft
backdraft
ˈbækˌdrɑːft
backdraught
ˈbækˌdrɑːft
craft
krɑːft
downdraught
ˈdaʊnˌdrɑːft
draft
drɑːft
draught
drɑːft
graft
ɡrɑːft
indraft
ˈɪnˌdrɑːft
indraught
ˈɪnˌdrɑːft
kraft
krɑːft
overdraft
ˈəʊvəˌdrɑːft
overdraught
ˈəʊvəˌdrɑːft
predraft
priːˈdrɑːft
redraft
ˈriːˌdrɑːft
up-draft
ˈʌpˌdrɑːft
updraught
ˈʌpˌdrɑːft
warcraft
ˈwɔːˌkrɑːft
witchcraft
ˈwɪtʃˌkrɑːft

WORDS THAT BEGIN LIKE BANKER'S DRAFT

bankability
bankable
bankbook
banked
banker
banker´s acceptance
banker´s bill
banker´s card
banker´s cheque
banker´s order
banker´s reference
bankerly
banket
Bankhead
banking
banking 2.0
banking hours
banking house
banking product

WORDS THAT END LIKE BANKER'S DRAFT

anti-aircraft
bank draft
bushcraft
demand draft
fixed-wing aircraft
foreign draft
handcraft
hovercraft
needlecraft
raft
rough draft
sight draft
skeleton draft
skin graft
spacecraft
stagecraft
time draft
watercraft
woodcraft
xenograft

Synonyms and antonyms of banker's draft in the English dictionary of synonyms

SYNONYMS

Translation of «banker's draft» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF BANKER'S DRAFT

Find out the translation of banker's draft to 25 languages with our English multilingual translator.
The translations of banker's 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 «banker's draft» in English.

Translator English - Chinese

银行汇票
1,325 millions of speakers

Translator English - Spanish

cheque bancario
570 millions of speakers

English

banker´s draft
510 millions of speakers

Translator English - Hindi

बैंकर का मसौदा
380 millions of speakers
ar

Translator English - Arabic

مصرفي الصورة مشروع
280 millions of speakers

Translator English - Russian

Проект банкира
278 millions of speakers

Translator English - Portuguese

saque bancário
270 millions of speakers

Translator English - Bengali

মহাজন এর খসড়া
260 millions of speakers

Translator English - French

Le projet de banquier
220 millions of speakers

Translator English - Malay

Draf jurubank
190 millions of speakers

Translator English - German

Bankers Entwurf
180 millions of speakers

Translator English - Japanese

バンカーのドラフト
130 millions of speakers

Translator English - Korean

은행 의 초안
85 millions of speakers

Translator English - Javanese

Dhuwit banker
85 millions of speakers
vi

Translator English - Vietnamese

dự thảo của ngân hàng
80 millions of speakers

Translator English - Tamil

வங்கியாளரின் வரைவு
75 millions of speakers

Translator English - Marathi

बँकरचा मसुदा
75 millions of speakers

Translator English - Turkish

baka ödeme emri
70 millions of speakers

Translator English - Italian

assegno circolare
65 millions of speakers

Translator English - Polish

Projekt bankiera
50 millions of speakers

Translator English - Ukrainian

Проект банкіра
40 millions of speakers

Translator English - Romanian

Proiectul bancară
30 millions of speakers
el

Translator English - Greek

τραπεζικής επιταγής
15 millions of speakers
af

Translator English - Afrikaans

bankwissel
14 millions of speakers
sv

Translator English - Swedish

dragningsrätt
10 millions of speakers
no

Translator English - Norwegian

bankremisse
5 millions of speakers

Trends of use of banker's draft

TRENDS

TENDENCIES OF USE OF THE TERM «BANKER'S DRAFT»

The term «banker's draft» is regularly used and occupies the 56.926 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
74
/100
The map shown above gives the frequency of use of the term «banker's draft» in the different countries.
Principal search tendencies and common uses of banker's draft
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «banker's draft».

FREQUENCY OF USE OF THE TERM «BANKER'S DRAFT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «banker's draft» during the past 500 years. Its implementation is based on analysing how often the term «banker's 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 banker's draft

EXAMPLES

10 ENGLISH BOOKS RELATING TO «BANKER'S DRAFT»

Discover the use of banker's draft in the following bibliographical selection. Books relating to banker's draft and brief extracts from same to provide context of its use in English literature.
1
Principles of International Financial Law
makes the promissory note which is the banker's draft. The consideration for the bank assuming this new primary liability is the payment by the customer to the bank of an amount equal to the face value of the bank's new obligation. Indeed ...
Colin Bamford, 2011
2
The Law of Contract
The facts were: By telephone, a rogue tricked a bank (the 'issuing bank') into preparing a banker's draft drawn on a client company's account, of which the rogue claimed (fraudulently) to be a signatory. The banker's draft was made in favour of ...
Laurence Koffman, Elizabeth Macdonald, 2010
3
A Dictionary of Accounting
Money on deposit at a bank is usually held in a *savings account, a *deposit account, or a *current account. bank draft (banker's cheque; banker's draft) A cheque drawn by a bank on itself or its agent. A person who owes money to another ...
Jonathan Law, 2010
4
The Jurist ..
.Plaintifs bought lV heat fiflDcfcndant, to be paid for by Banker's Draft on don. Defendant delivered the Wheat to a Carrier, but stqapcd it in Transitu, because Plaintiffs did not send a Banker's Draft on London on receipt of the Invoice :— Held, ...
5
A Study Manual of Professional Competence in Road Haulage: A ...
Basically, the money has already been debited from your account when you hand over the draft – giving the payee the satisfaction that payment is guaranteed . You must give notice to the bank that you require a banker's draft (usually 24 ...
David Lowe, 2010
6
Harriman's Financial Dictionary: Over 2,600 Essential ...
bankinsurance fund | banker's draft 26 ... In situations where a person owes money to a creditor and the creditor is not prepared to accept a personal cheque because he thinks it might bounce, a banker's draft can provide a solution. It is simply ...
Simon Briscoe, Jane Fuller, 2007
7
Dictionary of International Banking and Finance Terms
... the end of each banking day. banker's draft Another name for a bank draft. banker's lien Banker's right to hold and, after giving notice, sell bills of exchange, cheques, promissory notes and other property obtained through banking belonging ...
John Owen Edward Clark, 2001
8
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
9
BTEC First Diploma in Travel and Tourism
A banker's draft is similar to a cheque but is written and guaranteed by the bank, the amount being on the face of the draft. Banker's drafts can be transferred like cash. They tend to be used for large amounts of money when for security reasons  ...
Christine King, 2005
10
Dictionary of International Business Terms
In the USA, the term normally refers to a banknote. bank draft Alternative term for banker's draft. banker's acceptance US term for a draft bill of exchange that is drawn on a bank and accepted by it. It is equivalent to the UK term acceptance.
John Owen Edward Clark, 2001

10 NEWS ITEMS WHICH INCLUDE THE TERM «BANKER'S DRAFT»

Find out what the national and international press are talking about and how the term banker's draft is used in the context of the following news items.
1
Seven top tips for selling your classic car | Classic Cars For Sale UK
If a buyer offers you a banker's draft and you've never actually seen one, insist on taking it to your bank for verification that it's the real thing. «Classic Cars for Sale, Jul 15»
2
Retro: Sheffield lost pubs crawl
The Bodega on the extreme left - on the opposite side can be seen the present-day Banker's Draft. Notice the shoeless boys selling papers. «The Star, Jul 15»
3
CAL Bank: Leveraging technology to serve customers better
... loans or investment products on her/his account, request for banker's draft, cheque books and even block cheques or stop standing orders. «Graphic Online, Jun 15»
4
Police called to Banker's Draft on Bedford High Street after man …
EMERGENCY services were called to The Banker's Draft this afternoon after a man became abusive towards ambulance staff. The Ambulance ... «Bedfordshire News, Jun 15»
5
Beginner's guide to buying a car at auction
You can also settle up by debit card (up to a maximum value of £50,000 at British Car Auctions), a banker's draft if you have two forms of ID, ... «CarBuyer, May 15»
6
Our online bargain hunt turned to Hell
This time, I didn't even have a banker's draft, just a debit card and some change in my pocket. Everything was ok, but incidents like the one in ... «Aberdeen Press and Journal, Apr 15»
7
Lady lawyer to contest Nkawkaw NPP primaries
... the nomination form to Ms Opoku-Boating at the constituency office at Nkawkaw after he had received a Ghc 1,000.00 banker's draft filing fee ... «GhanaWeb, Apr 15»
8
Fiesta club reunion in Sheffield city centre
The event takes place at the Banker's Draft pub on Market Street, in Sheffield city centre today. The get-together will begin at 4pm and all who ... «The Star, Apr 15»
9
UCD student who broke TV3 cameraman's nose in pub attack …
Worrall apologised to Mr Quinlan and had a banker's draft for €2,000 in court to offer as “merely a token, by way of a gesture.” The court heard ... «Irish Independent, Apr 15»
10
'Thoroughly dishonest and stupid': Beauty salon fraudster jailed …
On one occasion she forged a banker's draft – whitening out the original payee's details and inserting her own – before emailing a scan of the ... «expressandstar.com, Apr 15»

REFERENCE
« EDUCALINGO. Banker's draft [online]. Available <https://educalingo.com/en/dic-en/bankers-draft>. Apr 2024 ».
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