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 ?
The Socialist group's shadow draftsman, Spanish MEP Carlos Carnero, appeared to back Andrew Duff's line, saying that the aim of the report was to "make progress on the Constitution" with the goal of making progress towards political union.
Commenting on his nomination as draftsman, Mr Voggenhuber said that the European Parliament had shown "extraordinary weakness" by failing to agree a resolution on the way ahead for Europe following the summit.
Moudis began in the design business 16 years ago as a junior draftsman with architect Steven Papadatos.
Circle Head Draftsman Izat Ali has been promoted to the rank of Chief Draftsman while Senior Scale Stenographer Naisr Mehmood has been promoted as Private Secretary (BS17) on regular basis.
Rembrandt's Journey: Painter, Draftsman, Etcher" is on view at the Museum of Fine Arts, Boston.
Located at Third Street and Broadway, the building was designed in the 1890s by George Wyman, a draftsman chosen by mining magnate Lewis Bradbury after he rejected the plan of a prominent Los Angeles architect.
Contract awarded for Temporary worker - technical draftsman electrical engineering
Meanwhile, yet another notification issued here by the provincial government the same day, circle head draftsman, Communication and Works department, Rehmatullah (BS-16) has also been promoted as Chief draftsman in next grade i.
Schad, incidentally, was a brilliant draftsman, and in this show a series of line drawings, enriched by ink spray, captures all the seedy melancholy and violence of Berlin's lower depths with linear acerbity.
Strangely enough, though I'm known certainly as a satirical draftsman, I really was influenced much more by Disney than by (James) Gillray,'' says Scarfe, referring to the scathing 18th-century British cartoonist to whom he's often compared.
The Metropolitan Museum of Art and Morgan Stanley have announced a series of educational initiatives organized in conjunction with the exhibition, Leonardo da Vinci, Master Draftsman.