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 ?
Moudis began in the design business 16 years ago as a junior draftsman with architect Steven Papadatos.
The idea for "Rembrandt's Journey: Painter, Draftsman, Etcher" originated with Clifford S.
At 14 he left school and began working as an apprentice draftsman at the GEC (General Electric Company).
The more you do something, the more confident you get,'' agreed my classmate Louis Duvand, a draftsman from Woodland Hills.
It increases MICRO CADAM's already superior function for the mechanical designer and draftsman by providing five dimensioning standards -- ANSI, IBM, ISO, JIS and standard, an engineer-friendly user interface that demands only a minimal number of keystrokes for most operations, and a powerful data manager.
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.
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.
After leaving his job as a draftsman in 1962, Mr Stock and his wife ran the Open Arms pub in Daventry Road, Cheylesmore.
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.
Then in the '90s, a new breed of draftsman appeared on the scene: Artists conceived and executed drawings that stood alone as finished, autonomous works of art.
The inquest heard how Mr Fewkes, an engineer and draftsman, was a front seat passenger in the car driven by Christopher Rawlins, aged 29, of Repington Avenue, Quinton Grange, Atherstone.
Composed of more than 250 works, the exhibition tracks Mackintosh's career from his working-class origins to his salad days as an architectural draftsman and the turn-of-the-century sunburst that saw the completion of his Glasgow School of Art, the remarkable Hill House and the unique tearooms he designed for Glasgow's trendy middle class.