Mastery card
I can explain Demand Draft (DD)
A prepaid bank instrument that pays the named person - it will not bounce for lack of your funds.
A demand draft is a bank-issued payment order prepaid by the purchaser, so the payee collects without relying on the buyer's balance.
Sticky trick
DD = bank's prepaid payment promise.
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In plain English, what is Demand Draft (DD)?
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