sight draft

(redirected from Bill of sight)
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Related to Bill of sight: bill of entry, bill of lading

Sight draft

Demand for immediate payment.

Sight Draft

A check or other draft that is payable to the payee when the payee presents the draft to the appropriate party. It contrasts with a time draft, which is not payable until a stated date in the future.

sight draft

A draft that is payable on demand. Compare time draft.
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