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 Glossary   >   B   >   "Banker"s draft" Definition   

        Banker"s draft

In situations where a person owes money to a creditor, and the creditor is not prepared to accept a personal cheque because he thinks it might bounce, a banker"s draft can provide a solution. It is simply a cheque made out to the creditor by the debtor"s bank, and in the eyes of the creditor is much more secure.

Banker"s draft


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Banker"s draft - In situations where a person owes money to a creditor, and the creditor is not prepared to accept a personal cheque because he thinks it might bounce, a banker"s draft can provide a solution. It is simply a cheque made out to the creditor by the debtor"s bank, and in the eyes of the creditor is much more secure.


Banker"s draft : in situations where a person owes money to a creditor, and the creditor is not prepared to accept a personal cheque because he thinks it might bounce, a banker"s draft can provide a solution. it is simply a cheque made out to the creditor by the debtor"s bank, and in the eyes of the creditor is much more secure.