Payable through draft

From ACT Wiki
Revision as of 21:18, 1 July 2022 by imported>Doug Williamson (Classify page.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

(PTD).

A draft that is only payable via a nominated bank.

Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Payable_through_draft&oldid=36777’