Bank draft: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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Also known as Cashier's cheque. | Also known as Cashier's cheque. | ||
== See also == | == See also == | ||
* [[Bank cheque]] | * [[Bank cheque]] | ||
* [[Draft]] | * [[Draft]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:15, 29 November 2014
A draft drawn by a bank on itself. The draft is purchased by the payor and sent to the payee, who presents it to its bank for payment. That bank presents it to the payor’s bank for reimbursement.
Also known as Cashier's cheque.
