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Answer: A demand draft is a method used by an individual to make a transfer payment from one bank account to another. Demand drafts differ from regular normal checks in that they do not require signatures to be cashed.
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demad draft is a negotiable instrument similar to a bill of exchange . a bank issue a demand draft
to a client , directing another bank or one of it's on branches to pay a certain sum to the specific party . demand draft can also be compared to a cheque . however, demand draft are difficult to countermand .
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