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A Demand Draft is a fixed value monetary instrument that is made out in cases where in the party that is receiving a payment for a service wants a guarantee that funds would be available when they try (unlike a cheque/check which can bounce due to lack of funds) to cash it. So to help in such a situation, we have demand drafts. When a draft is taken, the customer taking it will pay the money upfront, so there is no way a draft gets rejected or not paid. Mostly drafts are used when you apply for a college exam or study course etc. where the colleges cannot track if your check bounces.
What else can I help you with?
How did the espionage act affect freedom of speech in the United states?
it made it dangerous to oppose the draft.
Demand draft drawn on?
the bank from which the demand draft has been made
Who makes Bud Dry Draft?
Bud Dry Draft is made by Anheuser-Busch
Who makes Michelob Golden Draft?
Michelob Golden Draft is made by Anheuser-Busch
Who makes Michelob Golden Draft Light?
Michelob Golden Draft Light is made by Anheuser-Busch
What is the lowest MLB draft pick number that a player has been selected at and still made it to the majors?
The lowest MLB draft pick number for a player who made it to the majors is 1,165th overall.
What year was Phil Ochs Draft Dodger Rag made?
1962
What is the name for the palomino pinto draft horse made by breyer do they still selll them?
There is the Creamsicle Palomino Spotted Draft Foal Model Horse, and there is the Breyer American Cream Draft Horse. They can both still be bought.
What do you need to make a Demand Draft?
A Demand Draft is essentially a Cashier's Check (or Pay Order). What is required to make a Demand Draft are two components:Name of the Beneficiary (to which the demand draft would be made)and needless to say, the money for the amount of the demand draft.Your bank may affix additional charges for making a demand draft.
What draft modifications were made part way through the Vietnam war?
Lottery.
A person to whom A cheque is made out ARE called?
payee
How did Philip randolph get president Truman to change the way the military treated black soldiers?
Answer: he promised to fight against the draft if changes will not made Explanation: Apex
