Definitions for: Redraft

[n] a draft for the amount of a dishonored draft plus the costs and charges of drafting again

Webster (1913) Definition: Re*draft" (r[=e]*dr[.a]ft"), v. t.
To draft or draw anew.

Re*draft", n.
1. A second draft or copy.

2. (Com.) A new bill of exchange which the holder of a
protected bill draws on the drawer or indorsers, in order
to recover the amount of the protested bill with costs and
charges.

See Also: bill of exchange, draft, order of payment