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 ?
Note to Editors: SDRC and I-DEAS are registered trademarks, and I-DEAS Drafting and Dynamic Navigator are trademarks of Structural Dynamics Research Corporation.
CATIA-CADAM Drafting products are the most advanced, yet user- friendly, layout and drafting systems available.
New 2D drafting tools; new standalone drafting package
Version 3 of Solid Edge adds entirely new 2D drafting tools that are intuitive to classically-trained drafters, yet offer significant productivity improvements over traditional 2D CAD systems.
Additionally, Adra offers five CAD/CAM/CAE software solutions under the Cadra trade name: Cadra Design Drafting, Cadra Solids, Cadra NC, Cadra E and Cadra DM.
Cadra Design Drafting, Cadra Solids, Cadra DM and Cadra NC are trademarks of Adra Systems, Inc.
2) It's not clear whether a team will take the risk of drafting Kobe Bryant, who is talented but not likely to reach his potential for several years.
AutoCAD Release 13, the latest version of the world's leading industry design and drafting software, provides users with powerful 2D and 3D design and drafting capabilities.
AutoCAD LT for Windows 95, which recently shipped in June 1996, is a leading low-cost, 2D drafting package that provides a powerful feature set and 100% compatibility with AutoCAD R13 software.
Overall, the product accelerates time-consuming design and drafting operations and streamlines the mechanical design process.
Built to dramatically improve the productivity of demanding drafting professionals, MicroStation PowerDraft provides all the tools these professionals need for 2D and 3D production drafting.