Meaning Banker's draft
What does Banker's draft mean? Here you find 3 meanings of the word Banker's draft. You can also add a definition of Banker's draft yourself
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Banker's draftA payment instrument used to make international payments.
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Banker's draftDraft payable on demand and drawn by or on behalf of the bank itself; it is regarded as cash and cannot be returned unpaid.
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Banker's draftThis is an order from a buyer/importer to his bank to make a payment to the bank of the seller/exporter. The draft is sent to the exporter who presents it to his bank for payment. It is regarded as ca [..]
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