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

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

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.
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.
References in periodicals archive ?
Twenty civil society organisations widely condemned the current text of the draft law in a joint statement released on Thursday.
The electoral draft law would divide Lebanon into 13 electoral districts -- cutting the number stipulated under today's law by almost half -- and adopting proportional representation.
Paddy Power - quarterbacks drafted in first round: 3-10 under 3.5, 11-5 over 3.5; running backs drafted in first round: 4-6 under 1.5, 11-10 over 1.5; cornerbacks drafted in first round: 8-11 under 3.5, Evs over 3.5; linebackers drafted in first round: evens under 5.5, evs over 5.5; defensive ends drafted in first round: 8-11 under 3.5, evs over 3.5; offensive tackles drafted in first round: 2-5 under 3.5, 7-4 over 3.5; wide receivers drafted in first round: 13-8 under 3.5, 4-9 over 3.5; defensive tackles drafted in first round: 5-6 under 3.5, 5-6 over 3.5; former Alabama players drafted in first round: 2 under 4.5, 1-3 over 4.5; former LSU players drafted in first round: 2-5 under 2.5, 7-4 over 2.5; former Stanford players drafted in first round: 1-8 under 3.5, 4 over 3.5.
In al-Raqqa, lawyer Mohammad Issa al-Mustafa said the draft constitution reflects the accumulative state of the Syrian civilization and meets the needs of the Syrian people, while fellow lawyer Nadia Hilal noted that the draft constitution's text meets society's needs in all fields and that it will result in legislation that cover all aspects of life.
Interest in the draft doesn't always go hand in hand with knowledge about the draft.
Draft protests broke out in several cities in the North and turned deadly in New York, where more than 100 people
"Bottled beer sales for Modelo Especial and Negra Modelo grew at double-digits in markets where the beers were introduced on draft, which indicates that consumers are discovering the beers and adopting them as regular purchases at off-premise accounts," Utter said.
However, Ali Lotfi, president of the Democratic Union of Labor (ODT), speaking to Anadolu Agency, said: "we reject this draft because it handcuffs the unions and prevents them from exercising their constitutional and universal right to strike."Lotfi also criticized the government's referral of the draft to parliament "without opening a debate or consultation with the unions.
Consequently, we urge the RS authorities to reconsider the draft amendments in order to align them with EU and international standards.
The government could present 20 constitutional drafts while six drafts were presented by the private stakeholders, which are less than the drafts approved by the previous government.
The ruling government has also taken back his one draft.