Bank draft

A Check drawn by one bank against funds deposited into its Account at another bank, authorizing the second bank to make payment to the individual named in the Draft.

Related Terms: 6 Account, Check, Draft, Fund, ITS, SEC

Other Related Pages: Category: Banking Starting With: B

Additional Related Terms: 10-K, 12b-1 funds, Account, Account statement, Account aggregation, Account balance, Active account, Agent bank, Alternate account, Asset management account