noun
draft
A written order to pay a specified amount of money.
The bank issues a draft payable to the seller.
Etymology
The payment sense concerns drawing money from an account. The written draft gives the instruction that authorizes that withdrawal or payment.
More examples
- The draft instructs the bank to pay $500 to Maria.
- Please sign the draft before sending it to the supplier.
- The company accepts bank drafts but not cash.
Forms
draft · drafts
Similar words
- check
- Usually directs a bank to pay from a checking account.
- money order
- Is purchased in advance for a fixed payment amount.