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: 6-4/215 lbs Position:SG Drafted From:Syracuse Class:Sophomore
His story: Drafted by the Philadelphia Phillies in the sixth round of the 1999 draft out of Durant High in Florida.
Now, with foreign players expected to be drafted in large numbers, some even wonder whether the league is moving too far in that direction.
He's always been kind of reluctant to talk about himself, and he always exudes that calm and relaxation, even when he's about to be drafted.
His story: A second-round draft selection in 2002 out of the University of Houston, Snyder made an immediate impact at Lancaster just weeks after being drafted, hitting safely in 11 of his first 15 games and batting .
With Howard, Camby, White, Tskitishvili and Hilario, Nuggets have five players drafted No.
High school players could be allowed to attend and play in college even after they had been drafted by the NBA.