bank draft Meaning in the Cambridge English Dictionary

Meaning of “bank draft” in the English Dictionary

"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 ​paidautomatically by ​bankdraft.
(Definition of bank draft from the Cambridge Business English Dictionary © Cambridge University Press)
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