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Statutory Rules and Orders

this Act also makes provision for consideration of them in draft by any 'public body' interested, and for the consideration by

Encashment

The payment in cash of a note draft etc

Overdraft

The act of overdrawing a draft in excess of the credit balance also the amount or

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Draugh

See Draft

item

series 2 : a financial instrument (as a check or draft)

accept

writing, or by conduct an obligation to pay [ing a draft] 4 of a deliberative body : to receive (a report)

Draft

The act of drawing also the thing drawn Same as Draught

bank

bank : a bank that is the drawee of a draft presenting bank : a bank other than a payor bank

bearer

bearer : a person holding a check, draft, or other negotiable instrument for payment esp. marked payable to

cancel

s or otherwise repudiates a credit before presentment of a draft "Uniform Commercial Code"] 2 : to put an end to

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