Demand draft definition

Demand draft means a writing not signed by a customer that is created by a 3rd party under the purported authority of the customer for the purpose of charging the customer's account with a bank. A demand draft must contain the customer's account number and may contain any or all of the following:
Demand draft means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer’s account with a bank. A de- mand draft does not include a check drawn by a fiduciary, as defined in ORS 73.0307. A demand draft may contain any or all of the following:
Demand draft means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a bank.

Examples of Demand draft in a sentence

  • Demand draft may also be issued after deduction of bank commission charges if requested by the Contractor.All payment shall be made in Indian currency only.

  • The bid security deposited in the form of Demand draft/ cash shall be adjusted against the security deposit.

  • This guarantee shall be in the form of Demand draft/ Pay order or irrevocable bank guarantee bond of any scheduled bank or the State Bank of India in the specified format or in the form of Government security, fixed deposit pledged in favour of Executive Engineer or as specified in the letter of acceptance of tender.

  • The initial security deposit shall be accepted in the form of Demand draft and not by BANK Guarantee.

  • Security deposit of 10% of the total value of the order in the form of Demand draft or Bank Guarantee in favor of Raichur Power Corporation Limited, Yermarus – 584 134, District Raichur, issued by any Nationalized / Scheduled Bank valid for the entire period of contract shall be furnished before effecting supply.

  • Demand draft drawn in favour of any officer other than ‘THE DIRECTOR, ICAR UNIT-IIHR payable at Bangalore’ will not be accepted and the tender will be rejected.

  • Scanned Copy of Demand draft drawn in favour of “DIRECTOR, JREDA”, payable at Ranchi towards Cost of Tender Fee and Earnest Money Deposit as specified in the Notice Inviting Bid.

  • The tenderer shall furnish EMD as specified in the NIT in the form of Demand draft drawn in favor of the State Bank of India on any Scheduled Bank.

  • GCC 19.3 The types of acceptable Performance Securities are: Unconditional bank guarantee issued by financial institution located in Bhutan and acceptable to the Purchaser, in the form provided for in the Contract or in any other form acceptable to the Purchaser, or Cash warrant, or Demand draft.

  • Demand draft, pay order, banker’s cheque purchased against cash of Rs. 50,000/- or more will not be accepted.


More Definitions of Demand draft

Demand draft. (Xxxx as NA if not applicable) DD Favoring DisbAmt (in Rs.)
Demand draft means a writing that is not signed by a customer, as defined in subdivision (5), subsection (a), section one hundred four, article four of this chapter, and that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a bank. A demand draft does not include a check drawn by a fiduciary, as defined in section three hundred seven of this article. A demand draft may contain any or all of the following:
Demand draft means a writing not signed by you or your agent created by a third party under your purported authority for the purpose of charging your account with LBS.
Demand draft or “DD” means any Demand Draft or Banker’s Cheque drawn on any nationalized or scheduled bank in favour of the Account Officer and payable at Tirunelveli. The instrument should have been crossed “Account payee only”.
Demand draft means a writing that is not signed by a customer that is created by a third party under the purposed authority of the customer for the purpose of charging the customer’s account with a bank. A demand draft may contain any or all of the following:
Demand draft means a draft payable to a particular Payee outside the UK, drawn on our Correspondent Bank or Agent.

Related to Demand draft

  • Demand Request has the meaning set forth in Section 2(b)(i).

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Demand Period has the meaning set forth in Section 2.01(c).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Registration Request has the meaning set forth in Section 2.01(a).

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.