sight draft

Sight draft

Demand for immediate payment.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

sight draft

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

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.