1) Kind of payment order 2) Secure method of payment 3) Type of cheque 
A draft addressed to a bank.
A draft addressed to a bank. 
A draft addressed to a bank.
A bank draft (banker's cheque; banker's draft) is a cheque drawn by a bank on itself or its agent. A person who owes money to another buys the draft from a bank for cash and hands it to the creditor who need have no fear that it might be dishonoured. A bank draft is used if the creditor is unwilling to accept an ordinary cheque.
[n] - a draft drawn by a bank against funds deposited in another bank
banker`s draft noun a draft drawn by a bank against funds deposited in another bank
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. A bank draft is used as a type of check which is more reliable than a personal check as it is backed by the bank itself on behalf of the payer;...