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Bank draft
(redirected from bank drafts)

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Bank draft
A draft addressed to a bank.

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The corporation began bouncing checks, its creditors started requiring payment by certified bank drafts, and it stopped depositing payroll taxes withheld from employees.
Seems that they've been contacted by con artists overseas who pay for boats with bank drafts written for more than the asking price--with the stipulation that the seller here in the U.
With a special checkbook offered by banks that participate in the program, customers can make bank drafts in any regional currency.
 
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