 |
Definition of 'Payable Through Draft'
A draft that is payable through a specific bank. Payable-through-draft instruments draw money from the account of the issuer. Corporations use these instruments to pay bills, and insurance companies use them to pay claims.
|
 |
Investopedia explains 'Payable Through Draft'
The bank's name is printed on the face of the draft. However, it does not verify either the signature or the endorsement; this is the responsibility of the issuer. Credit union share drafts are also payable-through-draft instruments, usually cleared by a correspondent bank.
|
Search results for 'Payable Through Draft'
-
http://www.investopedia.com/articles/04/121304.asp
... 2. Set up payable-on-death registrations - Also known as ... which will cause your property
to go through probate. ... a more effective plan; however, do draft a will ...
-
http://www.investopedia.com/articles/retirement/06/ppa2006.asp
... August 2006, the IRS issued a draft form of ... reaches age 70.5, and is made payable
to an ... about retirement plans, see Introductory Tour Through Retirement Plans ...
|
|
