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banker's draft vs bill of exchange

bill of exchange vs banker's draft

banker's draft and bill of exchange both are nouns.

Word NounAdjectiveVerbAdverb
banker's draft Yes No No No
bill of exchange Yes No No No
As nouns, bill of exchange is a hypernym of banker's draft; that is, bill of exchange is a word with a broader meaning than banker's draft:
  • banker's draft: a draft drawn by a bank against funds deposited in another bank
  • bill of exchange: a document ordering the payment of money; drawn by one person or bank on another
Other hypernyms of banker's draft include draft, order of payment.
banker's draft (noun) bill of exchange (noun)
a draft drawn by a bank against funds deposited in another bank a document ordering the payment of money; drawn by one person or bank on another
Difference between banker's draft and bill of exchange

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