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 classic literature ?
Hyde had a song upon his lips as he compounded the draught, and as he drank it, pledged the dead man.
He bore a crystal goblet containing a liquor colorless as water, but bright enough to be the draught of immortality.
Let us go against the draught," he said; "air draws inwards, not outwards.
Saying this, he took another draught, and truly he drank enough for two.
Under ordinary circumstances, after I had lain quietly in the darkness for half an hour, the draught that I had taken would have sent me to sleep.
She answered that her husband had come in about an hour since, and, finding her still sleepless, had himself administered the composing draught.
In point of fact, poor Quinton doesn't have his sleeping draught for nearly half an hour.
I took another draught of water with sugar in it; but my stomach loathed the sugar and brought it all up again; then I took a draught of water without sugar, and that stayed with me; and I laid me down upon the bed, praying most heartily that it would please God to take me away; and composing my mind in hopes of it, I slumbered a while, and then waking, thought myself dying, being light with vapours from an empty stomach.
Sawyer, stopping in the course of a long draught of beer, and looking malignantly out of the porter pot.
George might have been only a large seal, or sea-horse; bearing all this in mind, it will not appear altogether incompatible with the sacred legend and the ancientest draughts of the scene, to hold this so-called dragon no other than the great Leviathan himself.
On the contrary, I thirsted for yet deeper and fuller draughts than he was offering to me.
To guard her from draughts the screen had been brought here from the lordly east room, where it was of no use whatever.