demand draft
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demand draft
n.
1. A check that does not require the signature of the account holder, issued especially by a merchant to withdraw payment from a customer's account.
2. A draft that is payable on demand.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.