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demand draft
noun
A telecheck.
Exact(23)
He sent two scientists to the Reserve Bank of India to procure a blank foreign exchange demand draft.
It was a time when it was almost impossible for Indians to take dollars out of the country, and the request for a blank demand draft seemed so ridiculous to one of the bank officials that he asked the two to leave.
Deposit the demand draft.
Print a demand draft.
Create the demand draft.
Fill CASH or DEMAND DRAFT details as appropriate.
Similar(35)
Demand drafts have come under fire recently because of the high potential for fraud.
Most demand drafts are for deposit only; they cannot be cashed.[13].[13]
This makes your demand drafts looks more professional and increase the likelihood that banks will accept and deposit them quickly.[10] These items can be purchased at office supply stores.
Using demand drafts is a good way to collect payment because it avoids credit card service fees, and results in funds being deposited in your account more quickly than a check sent by mail.
But a model unified national fire code now under development for large buildings would drop the demand for draft curtains, Dr. McGrattan said.
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