time draft

(redirected from D/D)
Also found in: Dictionary, Thesaurus, Legal, Acronyms.

Time draft

Demand for payment at a stated future date.

Time Draft

A check or other draft that is not payable to the payee until a stated date in the future. It contrasts with a sight draft, in which the payee may demand payment upon presentation of the draft to the appropriate party.

time draft

A draft that is payable a certain number of days after it has been presented. Compare sight draft.