banker's draft
1
5.7
- noun
- UK
:
giro bancario
- A banker's draft offers more security than a regular cheque when making large payments.
Examples
-
I need to get a banker's draft to pay for my new car.
-
The company requested payment by banker's draft rather than by personal cheque.
-
She visited her local branch to obtain a banker's draft for the house deposit.
-
I paid for the car with a banker's draft.
-
The seller accepted a banker's draft for the property.
-
She received a banker's draft for the final payment on her house.
-
To secure the contract, he presented a banker's draft during the negotiation.
Synonyms
12
4.6
A check a bank writes and promises to pay the person who receives it
7
5.8
A written order telling a bank to pay money to someone
1
4.3
A written order from a bank to pay a person or company
1
4.1
A cheque from a bank that you can cash right away and is safer than a personal cheque
A paper payment that a bank issues and pays from its own money
How Secure
- Specialized
14
2.7
- UK
1
5.7
- UK
1
4.1
- Specialized
3
4.2
- US
9
2.8
Surface Forms
Morphology
banker's + draft
The phrase combines 'banker' (or bank-related) with 'draft' (a written order for payment), so a B1 learner who knows both words can infer it is a payment instrument issued by a bank. The meaning—a draft guaranteed/issued by a bank—is a straightforward compositional extension (origin/possession + payment order) and is cross-linguistically common, making it transparent.
Etymology
Banker's draft comes from banks writing a special draft from the bank's own money so the person who receives it can be sure it will be paid. That's why a banker's draft means a 'guaranteed payment'.