Demand Draft

C1 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /dɪˈmænd dræft/

Definitions of demand draft

noun a financial instrument that is similar to a check but is guaranteed by the issuing bank

Example Sentences

A1 I need to send a demand draft to pay for my new apartment.

A2 The bank issued a demand draft for the payment of the car loan.

B1 She requested a demand draft from the bank to make a secure payment for the land purchase.

B2 The demand draft was used to transfer a large sum of money for the business deal.

C1 The demand draft was a preferred method of payment for international transactions due to its security features.

C2 The demand draft was drawn up by the company's finance department to ensure a smooth payment process for the suppliers.

Examples of demand draft in a Sentence

formal The company requested payment through a demand draft for security purposes.

informal You can pay through a demand draft if you don't have a chequebook.

slang I'll just send a demand draft to settle the bill.

figurative His dedication to his work was like a demand draft - unwavering and reliable.

Grammatical Forms of demand draft

plural

demand drafts

comparative

more demand draft

superlative

most demand draft

present tense

demand draft

future tense

will demand draft

perfect tense

have demanded draft

continuous tense

demand drafting

singular

demand draft

positive degree

demand draft

infinitive

to demand draft

gerund

demand drafting

participle

demand drafted

Origin and Evolution of demand draft

First Known Use: 1601 year
Language of Origin: English
Story behind the word: The term 'demand draft' originated in the banking industry to refer to a type of negotiable instrument that allows a person or entity to withdraw funds from another person's or entity's account upon demand.
Evolution of the word: Originally used in the context of written orders for payment, the term 'demand draft' has evolved to encompass electronic forms of payment such as electronic funds transfers and online banking transactions.