banker's draft en · NOUN
Meanings
- (UK) 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.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| bankers' drafts | Number=Plur | lexicographic | |
| banker's drafts | Number=Plur | lexicographic | |
| banker's draught | alternative | lexicographic |