Meaning of “bank draft” in the English Dictionary

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"bank draft" in Business English

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bank draftnoun [ C ]

uk us BANKING

UK also banker's draft →  bank cheque

US also direct debit an instruction to your bank for them to allow someone else to take money from your account:

Every month her mortgage is paid automatically by bank draft.

(Definition of “bank draft” from the Cambridge Business English Dictionary © Cambridge University Press)