Archive:Funds Remittance/Banker's Drafts: Difference between revisions

Revision as of 08:08, 9 April 2009

Banker’s Drafts

This draft is similar to a check. However, it is a time draft drawn on a bank by a bank; and once accepted by the drawee bank, it becomes an unconditional obligation of the bank to honor at maturity.

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	==Banker’s Drafts==		==Banker’s Drafts==

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Revision as of 08:08, 9 April 2009

Banker’s Drafts