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2. Demand draft - Wikipedia

   en.wikipedia.org/wiki/Demand_draft

   Demand drafts are usually orders of payment by a bank to another bank, whereas cheques are orders of payment from an account holder to the bank. A Drawer has to visit the branch of the Bank and fill the demand draft form and pay the amount either by cash or any other mode, and Bank will issue a demand draft. A demand draft has a validity of ...

3. Demand letter - Wikipedia

   en.wikipedia.org/wiki/Demand_letter

   A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.

4. Warrant of payment - Wikipedia

   en.wikipedia.org/wiki/Warrant_of_payment

   In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...

5. Remotely created check - Wikipedia

   en.wikipedia.org/wiki/Remotely_created_check

   Demand drafts entail a large potential for fraud.Banks report that demand draft fraud is becoming more common. [1] Under the current Federal Reserve Board guidelines the customer has a time frame of 90 days from the time the check was deposited to dispute the transactions.

6. Banker's acceptance - Wikipedia

   en.wikipedia.org/wiki/Banker's_acceptance

   The date on which the payment is due is called the maturity date. In a case where the payee and drawee of a time draft are distinct parties, the payee may submit the draft to the drawee for confirmation that the draft is a legitimate order and that the drawee will make payment on the specified date. Such confirmation is called an acceptance ...

7. Cheque - Wikipedia

   en.wikipedia.org/wiki/Cheque

   If payable on demand it is a "demand draft", or if drawn on a financial institution, a cheque. The electronic cheque or substitute cheque was formally adopted in the US in 2004 with the passing of the "Check Clearing for the 21st Century Act" (or Check 21 Act ).