Draft

(redirected from drafts)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to drafts: checkers, bank drafts

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 ?
The IETF's IPS Working Group is presently reviewing several Working Drafts that will eventually standardize how Ethernet IP networks natively transport encapsulated SCSI.
The property, however, would appear not to include property deemed to be owned by the NRE under the look-through rule in draft paragraph 94.
Patricia McNeal argues that the draft and the tight of individual conscience, not the war itself, was American Catholic peace movement's raison d'erre during the Vietnam era.
However, for the last three or four months I have noticed that my saved drafts are being deleted.
Although the sheer size of a draft horse can be intimidating to the novice horseman, drafts are among the most docile and easily handled horses.
Among the most profound is the impact it will have on the annual June amateur draft beginning next summer.
In this stage students are encouraged to go through multiple drafts.
The Trigon case did not hold that experts are required to retain and produce all drafts of their expert reports.
There had been plenty of speculation that the Colts would take Claiborne, but as the former USC linebacker has learned, nothing seems certain when it comes to the draft.
Draft processing now makes this an inexpensive and convenient way for small businesses to collect payments.
The Dodgers walked away from Tuesday's expansion draft not only with their pitching staff intact but with their infield and its salaries still a part of the team as well and a new infielder on the way.
Forest Service has issued its Draft Supplemental Environmental Impact Statement (SEIS) for Kensington which in turn facilitated the issuance of the Environmental Protection Agency's (EPA) draft NPDES Permit and Fact Sheet for the project.