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 ?
Ht/Wt: 6-9/235 lbs Position:PF Drafted From:Kansas Class:Junior
Ht/Wt: 6-2/185 lbs Position:PG Drafted From:Weber St.
Other Magnum clients selected were DeLawrence Grant, defensive end, Oregon State taken in the 3rd round by the Oakland Raiders (89th overall); Cory Bird, safety, Virginia Tech drafted in the 3rd round by the Indianapolis Colts (91st overall), Anthony Denman, linebacker, Notre Dame drafted in the 7th round by the Jacksonville Jaguars (213th overall) and Quentin McCord, wide receiver, University of Kentucky drafted in the 7th round by the Atlanta Falcons (216th overall).
Joel Segal did a tremendous job recruiting Gerard and Rod as well as the other four Magnum-signed players who were drafted.
6 pick overall - Corey Simon - Florida St DT - Drafted by Philadelphia No.
The USBL, which is known to many as "The League of Opportunity", hopes that the players drafted today will join other USBL Alumni who used the League as a vehicle to one day realize their dream of playing in the NBA.
The recommendation to allow drafted high school players to keep their college eligibility will be sent to the NCAA's board of directors for final action at its April 25 meeting.
One question that could muddle this rule is whether or not the player would be back in the 2004 draft and available to all teams or if the team that drafted him would have the first crack at trying to sign the player before he would become a free agent.
Not as much as most people might think,'' Nickeas said when asked if he was surprised about not being drafted.
2 selection, made Miles the highest drafted high school player last year at No.
Steele is projected to go in the second or third round as the top USC player taken, with defensive tackle Ennis Davis and inside linebacker Zeke Moreno also having a chance to be drafted by the end of Saturday's third round.
SAY HELLO: Traded for F Glen Rice, C Travis Knight (Lakers), C Luc Longley (Phoenix), G Erick Strickland (Dallas); signed free agent C Felton Spencer; drafted F Lavor Postell (39th overall), F Pete Mickeal (draft, No.