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.
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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 ?
For example, legislation is sometimes drafted in committee, on the floor of the Senate or House, or in conference committee.
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.
They drafted North Carolina prep lefthander Brien Taylor and then shattered the bonus record by giving him a $1.55-million straight bonus.
In 1968, George W, Bush, the son of a Texas congressman, applied for a position with the Texas Air National Guard, a popular way to avoid being drafted for combat.
Tim Wagner, the Nebraska insurance director who drafted the zone approach, said his proposal would reduce redundancies among the states.
The pro-evolution group also noted that a new creationist book on the controversy titled Kansas Tornado states flatly that the standards were drafted at Willis' house in Missouri and that Abrams agreed to submit them under his own name.
Ht/Wt: 6-10/220 lbs Position:PF Drafted From:Kentucky Class:Freshman
As a result, the number of players drafted by MLB teams increased to six in 1960 and fifteen in 1961.
Robby Rowland was drafted in the third round by the Arizona Diamondbacks and then Nathan Kingham was picked in the fourth round by Pittsburgh on Tuesday.
Top amateur prospects have attended the Draft in recent years, including Phillippe Aumount (drafted by the Seattle Mariners, currently in the Philadelphia Phillies organization), Ross Detwiler (Washington Nationals) and Josh Vitters (Chicago Cubs) in 2007; Aaron Hicks (Minnesota Twins) in 2008; and Mike Trout (Los Angeles Angels of Anaheim) in 2009.
Recommendations Under 2.5 running backs drafted in round one 2pt 5- 6 Bet365 Chris Wells draft position over 14 3pts 5- 12 Bet365 B Orakpo to be selected before BJ Raji 4pts 8- 15 Paddy Power Simon Milham's full draft preview at racingpost.com 2009 Draft order - round one 1 Detroit, 2 St Louis, 3 Kansas City, 4 Seattle, 5 Cleveland, 6 Cincinnati, 7 Oakland, 8 Jacksonville, 9 Green Bay, 10 San Francisco, 11 Buffalo, 12 Denver, 13 Washington, 14 New Orleans, 15 Houston, 16 San Diego, 17 NY Jets, 18 Denver, 19 Tampa Bay, 20 Detroit, 21 Philadelphia, 22 Minnesota, 23 New England, 24 Atlanta, 25 Miami, 26 Baltimore, 27 Indianapolis, 28 Buffalo, 29 NY Giants, 30 Tennessee, 31 Arizona, 32 Pittsburgh.