noun ·Rare ·Advanced level

Definitions

Noun

1. 1
   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. UK
2. 2
   a draft drawn by a bank against funds deposited in another bank wordnet

Synonyms

All synonyms

bank draft