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Investments glossary

Demand Draft


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Quotes of the day:

Success and failure are both difficult to endure. Along with success come drugs, divorce, fornication, bullying, travel, meditation, medication, depression, neurosis and suicide. With failure comes failure.

— Joseph Heller

A demand draft is a method used by an individual for making a transfer payment from one bank account to another. Demand drafts differ from normal checks in that they do not require signatures to be cashed.


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