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 ?
Here, the drafter will create three-dimensional legal descriptions, which may or may not include a portion of the surface of the property.
Burwell and the lack of precedential value for his context-specific approach to Chevron deference in City of Arlington, these positions find some empirical support from a number of congressional staffers and federal agency rule drafters surveyed in prior empirical studies.
(173) One congressional drafter provided a helpful example:
In order to generalize the results further, to statistically validate them and to determine if there was a significant difference between the expected frequencies and the observed frequencies of P3 macro translation units in direct and inverse translation tasks, of Drafter profile in direct translation and Drafter/Reviser profile in inverse translation, we used the chi-squared test.
Engaging accountants or other professionals to carefully model the partnership's allocations over the expected life of the partnership greatly mitigates the risk to the drafter of a partnership agreement.
* By not defining 'place' the drafter avoided a definition which would have added to the complexity of the provision and which, in the Commission's view, was to be used as a 'last resort'.
The House and Senate manuals provide several types of instruction to the drafters of legislation, ranging from the template that drafters should use to format and structure legislation to the substantive conventions that drafters should employ to choose language.
The drafters of the Punguza Mizigo Bill are counting to ride on the campaign's populist provisions to victory but this is a miscalculation.
Department of Labor Bureau of Labor Statistics, the median annual pay for drafters in 2018 was $55,500 while the median annual pay for all workers was just $38,640, with a projected growth rate in employment for drafters of 7 percent between 2016 and 2026.
There is much to be said in favour of regular interaction between the legislative drafters and legislators.
Decision drafters should invite experts and professional institutions to verify whether it is necessary, feasible and scientific to engage certain professional or technical decision items, with necessary security measures offered.
"Drafters can't be trusted to use it correctly, so don't use it at all" was the B-G philosophy, according to committee chair Stuart A.