Parity and Payable through draft: Difference between pages
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(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 == | == See also == | ||
* [[ | * [[Draft]] | ||
Revision as of 14:20, 23 October 2012
(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
