Draft

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Draft

An unconventional order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer's agent to pay, on demand (sight draft) or at a fixed future date (time draft) the amount specified on the face of the draft.

Draft

A document in which a payer agrees to make a payment in a certain amount to a payee from an account held with a third party, usually a bank. A common example is a check. There are two main types of draft: a sight draft must be paid by the third party on demand of the payee, while a time draft may only be paid at a stated time.

draft

A written order by one party for a second party to make payment to a third party. A check is an example of a draft drawn by a depositor (first party) on a financial institution (second party) and payable to an individual or organization (third party). See also overdraft, sight draft, time draft.
References in periodicals archive ?
This weekend Rough Copy battled it out with Sam Bailey, Luke Friend and Nicholas McDonald for a place in the X Factor final.
Ready to shake up the tempo, Rough Copy took to the stage minus one, but made up for it with brilliant vocals and dances sequences to match.
Just in case you've forgotten their names, it will be Nicholas McDonald, Rough Copy, Teesside's Abi Alton, Hannah Barrett, Luke Friend, Sam Callahan and Tamera Foster on the bill with Sam.
She said she was really proud of me and could not believe one of her favourite bands, Rough Copy, had 'liked' a Facebook page set up about me.
Abi Alton, Sam Bailey, Hannah Barrett, Sam Callahan, Rough Copy, Tamera Foster, Luke Friend and Nicholas McDonald will all be live on stage.
Rolling In The Deep superstar Adele, 25, backed Luke to beat Sam Bailey, 36, Nicholas McDonald, 27, and Rough Copy by tweeting: "Whoa Luke Friend was ridiculously good in that sing off on X factor
With Luke Friend, Rough Copy, Nicholas MacDonald and Sam Bailey remaining, the mother of two is the bookies favourite to win the show.
In addition to the rehearsing Gary took his band Rough Copy go-karting this week.
This is your chance to catch Abi Alton, Hannah Barrett, Luke Friend, Nicholas McDonald, Rough Copy, Sam Callahan, Tamera Foster and your X Factor 2013 winner, Sam Bailey, singing live.
And Rough Copy admitted they liked to try and fight back against the racist abuse they received by getting their fans to take on the bigots.
Gary, whose last act, Rough Copy, were voted off last week, said he was looking forward to a relaxing finals weekend.
The acts still in the competition are Rough Copy, Sam Bailey, Tamera Foster, Luke Friend and Nicholas McDonald.