Bank draft definition

Bank draft means a check, draft, or similar instrument on which a banking or financial organization is directly liable.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Bank draft means a check drawn by one bank on another bank.

Bank draft means a cheque drawn by one financial institution against funds deposited into its account at another financial institution, authorizing the second financial institution to make payment to the individual named in the Bank Draft.

Examples of Bank draft in a sentence

• The Exercise Price is paid as follows: |_| Certified Bank draft payable to the Company in the amount of $_____________.

• The Exercise Price is paid as follows: [ ] Bank draft payable to the Company in the amount of $_____________.

• Bank draft is available; we also accept debit/credit cards at this time.

• The contractor has to submit an EMD of Rs.4000/- (Rupees four thousand) only in the form of Bank draft drawn in favour of Cement Corporation of India Limited and payable at Bokajan along with the tender.

• The Exercise Price is paid as follows: |_| Certified Bank draft payable to the Company in the amount of $-------------.

• The Exercise Price is paid as follows: |_| Bank draft payable to the Company in the amount of $_____________.

• The Exercise Price is paid as follows: / / Certified Bank draft payable to the Company in the amount of $_____________.

• Bank draft is the ONLY acceptable method of paying the annual membership fee on a monthly installment basis.

• The Exercise Price is paid as follows: Certified Bank draft payable to Rocketinfo in the amount of $____________.

• The Exercise Price is paid as follows: [_] Bank draft payable to the Company in the amount of $_____________.

More Definitions of Bank draft

Bank draft. “Bank Draft” means an unconditional payment instrument drawn by a Bank

Bank draft means a cheque drawn by a licensed credit or financial institution, on itself or on another drawee institution;