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Time Draft

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Time draft
Demand for payment at a stated future date.
time draft
A draft that is payable a certain number of days after it has been presented. Compare sight draft.
Time Draft
A check or other draft that is not payable to the payee until a stated date in the future. It contrasts with a sight draft, in which the payee may demand payment upon presentation of the draft to the appropriate party.


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