Business Terms and Jargon Explained

What is Bankers draft

A bankers draft is a cheque that is issued by a bank on behalf of one of its customers. The money is taken from the customerís account and deposited in the bankís own account. The bank then issues the cheque which is guaranteed to pay the person named on the cheque. The person receiving the cheque is happy as the cheque cannot bounce.

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Magic bullet Negligible Value Quantum of damages
CMO Nemo dat quod non habet AGM
Lien W3C Magistrates court
Acquittal Shareholders Quoted company
In company Training Standing Order Emolument
Subtenant Creditors Leone
Surplus Demilitarised Zone - DMZ Derivative action
Independent contractor Pegging Snail mail
Applet ROI Working Capital
Tariff Quotas Opportunity Costs EDIFACT
WIM Chief Rent Direct Debit
Writ of venire de novo Autoresponder Redundancy

Term created / updated 2020-09-01 16:57:22

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