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Bank Draft 
Source:  Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

A sight or demand draft, drawn by one bank as drawer upon another bank as drawee.  Such an instrument is to be distinguished from a CASHIER'S CHECK. Bank drafts purchasable at small fees by a bank's customers provide a highly acceptable instrument of DOMESTIC EXCHANGE.  For example, New York funds would be readily provided by the bank draft of an interior bank, drawn on its New York City correspondent bank, purchased by the interior bank's customer faced with the necessity of payment in New York City , as compared to a local check.In FOREIGN EXCHANGE, bankers' sight or demand drafts, drawn on balances maintained with foreign bank correspondents, provide a demand form of payment in the foreign currency concerned which may be available at spot rates if the distance involved permits quick airmail arrival of the instruments.  

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