bank draft
1
4.3
- noun
- /bæŋk dræft/
- Specialized
:
giro bancario
- I wrote a bank draft to pay for the new equipment we ordered.
Examples
-
- You ready to sign another bank draft?
-
Because I am returning just now with a bank draft from my personal account which will provide polina with enough to cover her expenses through the summer.
-
After receiving the bank draft, the seller shipped the merchandise immediately.
-
To finalize the deal, he presented a bank draft to the real estate agent.
Synonyms
7
5.8
A written order telling a bank to pay money to someone
1
5.7
A cheque that a bank promises to pay to the person named
1
4.1
A cheque from a bank that you can cash right away and is safer than a personal cheque
How Secure
- Specialized
1
4.3
- Specialized
12
4.6
- Specialized
3
4.2
- US
9
2.8
Surface Forms
Morphology
The meaning is directly compositional: 'bank' (financial institution) + 'draft' (a written order for payment) yields a payment order issued by a bank, so a learner who knows both constituents can infer the basic sense. Only technical banking details (e.g. drawn on another bank, payable to a specified person) are specialized, but they do not prevent general comprehension of the MWE.
Etymology
Bank draft comes from banks writing a paper, a draft, that tells another bank to 'pay' a named person, so the money is promised. That's why a bank draft is trusted like cash for big payments.