Question

What is draft and why are draft issued

Answer 1

Hey... Here is ur answer...

What is a Bank Draft. A bank draft is a payment on behalf of a payer that is guaranteed by the issuing bank. Typically, banks will review the bank draft requester's account to see if sufficient funds are available for the check to clear.

Hope this will.... Help... U.... : )

Answer 2

Hola Mate!

Here's the answer:

A draft is a payment on behalf of a payer that is guaranteed by the issuing bank.

Hope it helps!