demand draft

/dɪ'mɑ:nd drɑ:ft/ noun
a draft which is to be paid immediately

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Demand draft — A demand draft A demand draft, also known as a remotely created check, a tele check, or check by phone, check by fax or echeck, is a check created by a merchant with a buyer s checking account number on it, but without the buyer s original… …   Wikipedia

  • Demand Draft — A method used by individuals to make transfer payments from one bank account to another. Demand drafts are marketed as a relatively secure method for cashing checks. The major difference between demand drafts and normal checks is that demand… …   Investment dictionary

  • demand draft — Synonyms and related words: CD, IOU, MO, acceptance, acceptance bill, bank acceptance, bank check, bill, bill of draft, bill of exchange, blank check, certificate, certificate of deposit, certified check, check, checkbook, cheque, commercial… …   Moby Thesaurus

  • demand draft — noun see demand bill …   Useful english dictionary

  • draft — Synonyms and related words: CD, IOU, MO, abbreviation, abbreviature, abrege, abridgment, abstract, acceptance, acceptance bill, adumbrate, air current, arrangement, article, attraction, autograph, bag, bang, bank acceptance, bank check, beverage …   Moby Thesaurus

  • demand — I v. To claim as one s due; to require; to ask relief. To summon; to call in court II n. The assertion of a legal right; a legal obligation asserted in the courts. An imperative request preferred by one person to another, under a claim of right,… …   Black's law dictionary

  • demand bill — noun or demand draft : sight draft * * * a bill payable upon presentation. * * * demand bill, a bill of exchange payable on demand …   Useful english dictionary

  • demand note — A promissory note that calls for principal to be payable on demand. In recent years, courts have significantly restricted the circumstances under which a bank could make and enforce a demand for repayment under a demand note. American Banker… …   Financial and business terms

  • demand bill — /dəˈmænd bɪl/ (say duh mand bil) noun a bill of exchange, note, etc., payable on demand or presentation. Also, demand draft, demand note …   Australian English dictionary

  • draft — 1 n 1: a preliminary version of something (as a law) 2 a: a system for or act of selecting individuals from a group (as for military service) b: the act or process of selecting an individual (as for political candidacy) without his or her… …   Law dictionary

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