Commonly used in international trade, a draft that orders a buyer's bank to pay is a cashier's check.

Name: Commonly used in international trade, a draft that orders a buyer's bank to pay is a cashier's check.
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A draft that orders a buyer's bank to pay in international trade is known as a "bill of exchange" or "trade draft," not a cashier's check. A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Commonly Used in International Trade, a Draft That Orders a Buyer's