What Is A Check Draft
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What Is A Check Draft
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Definition A bank draft also called a bank check is a method of payment that involves a document issued by a bank guaranteeing that the amount stated on the certificate will be paid to the recipient of the document The term bank draft also called a banker s draft bank check or teller s check is a paper document that resembles a traditional paper check But unlike personal checks a draft is guaranteed by the issuing bank with no chance that the check could bounce
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