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A type of financial instrument, used similarly to a cheque to make a payment or transfer money, but drawn on funds already taken from the payer's account and held by the bank, and hence seen as more certain of being honoured than a personal cheque.
Definition source: English Wiktionary via Wiktextract
Usage: UK
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a draft drawn by a bank against funds deposited in another bank
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: bank draft
Antonyms: none provided
Broader terms: draft, bill of exchange, order of payment
No etymology was provided for this word.