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:
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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:
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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.
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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.

  • 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.

  • 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.

  • SR Works: -The bidder whose bid is accepted will be required to furnish Performance Guarantee (PG) of 10% (Ten Percent) of the bid amount within time, as mentioned in Schedule-E, of the acceptance of the bid in the form of Demand draft / Pay Order / Banker Cheque / FDR of scheduled bank / Treasury Challan in favour of “ESIC FUND A/C 1” or Bank Guarantee Bonds of any Scheduled Bank or the State Bank of India in accordance with the form annexed hereto payable at Kolkata.


More Definitions of Demand draft

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:
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Demand draft. (Xxxx as NA if not applicable) DD Favoring DisbAmt (in Rs.)
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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.
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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”.
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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:
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Demand draft means a draft payable to a particular Payee outside the UK, drawn on our Correspondent Bank or Agent.
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Related to Demand draft

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Demand Date means, with respect to a transfer by a party:

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • 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.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

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

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

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix. Demand Bid Screening:

  • Review Demand Date means, for a Review, the date when the Indenture Trustee determines that each of (a) the Delinquency Trigger has occurred and (b) the required percentage of Noteholders has voted to direct a Review under Section 7.2 of the Indenture.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Demand Party has the meaning set forth in Section 2.2(a).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • 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 Revolving Credit Borrowing.

  • Notice of Committed Borrowing has the meaning specified in Section 2.02(a).

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • 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.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).