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 ?
This stance led to their arrest; a judge convicted sixty-three of them of draft evasion and sentenced them to three years in a federal prison.
In one such instance, a court of general jurisdiction in Kemerovo District in the East of Russia heard a case of a young man who had been charged with draft evasion.
21 (Presidents Day), President Clinton pardoned Preston King for King's draft evasion conviction in 1961.
Unfortunately, governments may not be too willing to help draft dodgers improve their lives: Officially treating draft dodgers as legitimate victims of their governments would be an international declaration that in certain cases draft evasion may be completely justifiable.
The ritual anointment of Bill Clinton as the Democratic presidential candidate, so rudely interrupted by charges of infidelity and draft evasion, has resumed with lavish pomp.
Transcripts of the wiretap surveillance of Corcoran (conducted by the Truman administration from 1945 to 1947) show how Fortas teamed up with him to work the squeeze play on a financier trying to avoid prosecution for draft evasion.