What is another word for bank drafts?
Pronunciation: [bˈaŋk dɹˈafts] (IPA) 
Bank drafts, also known as banker's drafts or cashier's checks, refer to a payment instrument issued by a bank, which guarantees the payment of a specific amount to the payee. There are several synonyms for bank drafts, including demand drafts, sight drafts, and money orders. Demand drafts refer to a type of check that is payable on demand, while sight drafts are payable upon presentation. Money orders are another form of payment instrument issued by financial institutions, guaranteeing the payment of a specified amount to the recipient. Whether you use a bank draft, demand draft, sight draft, or money order, these payment types provide a reliable way to transfer money without the risk of bounced checks or insufficient funds.
