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Banker's draft
Meaning
Noun
●
In British English:
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
.
Sourced from
Wiktionary
Synonyms
Cashier'S Check
Banker'S Draught
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