banker's draft

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Definitions from WordNet

Noun banker's draft has 1 sense

bank draft, banker's draft - a draft drawn by a bank against funds deposited in another bank
--₁ is a kind of draft, bill of exchange, order of payment

Definitions from the Web

Banker's Draft

Description

A banker's draft is a type of payment instrument issued by a bank, guaranteeing the payment of a specified sum of money from one bank account to another.

Senses and Usages

1. Noun - Payment Instrument

A banker's draft refers to a check or a written order issued by a bank, rather than an individual's account, ensuring the availability of funds. It is often used for large transactions where a significant amount of money is involved.

Sample Sentence: After selling his car, John requested a banker's draft to receive the payment securely.

2. Noun - Bank Representative

A banker's draft can also denote a bank employee, typically a cashier or teller, who is responsible for executing transactions, providing services, or assisting customers at a bank branch.

Sample Sentence: Lisa approached the banker's draft for assistance in opening a new savings account.

3. Adjective - Popular and Local

If used as an adjective, banker's draft can describe something widely accepted and recognized among people in a particular locality, region, or community.

Sample Sentence: The small bakery is famous for its banker's draft pastries, a local delicacy loved by everyone in the town.