redraft n 1: a draft for the amount of a dishonored draft plus the costs and charges of drafting again
Redraft \Re*draft"\ (r[=e]*dr[.a]ft"), v. t. To draft or draw anew. [1913 Webster]
Redraft \Re*draft"\, n. 1. A second draft or copy. [1913 Webster] 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. [1913 Webster]
RE-DRAFT, comm. law. A bill of exchange drawn at the place where another bill was made payable, and where it was protested, upon the place where the first bill was drawn, or when there is no regular commercial intercourse rendering that practicable, then in the next best or most direct practicable course. 1 Bell's Com. 406, 5th ed. Vide Reexchange.