What is BANK DRAFT?

A bill made by a bank for the bank or a related bank. It can be used when a normal check will not be accepted or when customers need drafts. AKA bankers draft.

More On This Topic



Link to This Definition

Did you find this definition of BANK DRAFT helpful? You can share it by copying the code below and adding it to your blog or web page.
Edited and fact checked by James: Google +