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bank draft

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banker's payment

Overview page. Subjects: Accounting.

A bank draft drawn in favour of another bank, as settlement of business between the two banks.

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cheque

Overview page. Subjects: Financial Institutions and Services.

(USA:

A bill of exchange or a draft on a bank that is drawn against funds held at the institution to pay a specified sum to the recipient. A cheque ...

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draft

Overview page. Subjects: Economics.

1 See bank draft.

2 Any order in writing to pay a specified sum, e.g. a bill of exchange.

3 A preliminary version of a document,...

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drawee

Overview page. Subjects: Financial Institutions and Services — Accounting.

The individual, organization, account, or bank who agrees, in the case of the drawee, to make a payment, and in the case of the drawer, to receive it or make it over.

[...]

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marked cheque

Overview page. Subjects: Business and Management.

A cheque that the bank on which it is drawn has marked ‘good for payment’. This practice has been replaced in the UK by bank drafts, although it is still used in the USA, where such cheques...

See overview in Oxford Index