Re: Weekly Vocab #2.1.4 (repost #1)

Charlie wrote:
> We honor checks and drafts.  (Can anyone explain the difference
> between checks and drafts?  The AHD doesn't seem to make one.)
"Draft" isn't very common usage in the US, I think. However, a (personal)
check is what one writes oneself, as payer; as we know, it may or may not
have money in the account to back it up.

A "Bank Draft (or Check)" in my experience is a check produced by the bank
(as payer), based on money actually in one's account; or given to the bank
if you're just a walk-in without an account. So it's absolutely good.  So
now, what's the diff. between that and a Money Order??? Probably the fee
charged for the service :-((( (I buy my MO's at the PO or even the
supermarket; much cheaper)

A Certified Check, typically required at real-estate closings, can be
written by the account holder or by the bank, but one's account is
immediately debited (hence the certification that the money actually
exists)-- and if the check is never cashed, I suppose one is simply out $X.
Though I've never heard of that happening....

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