Draft

(redirected from drafters)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to drafters: draftsman, draughtsman

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 ?
Yet note the contract drafter included two words in the above provision that derail such an approach: "shall name." No endorsement that fails to do so meets the clear lease language.
This comes from two, perhaps unlikely, sources: statutory and regulatory drafters. This Part presents the relevant findings from a 195-question survey I conducted of 128 agency rule drafters at seven executive departments and two independent agencies.
tools explored in this survey based on the rule drafters' reported
One may innocently further ask the drafters of the Communique: if it is not the SPLM and other political parties that 'determine and impose federalism', how shall federalism 'be democratically negotiated' in whatever forum?
But when we step into the land of judgment calls, contract drafters will prefer more words, repetition, and defined terms, while brief writers will prefer fewer words, elegant variation, and context.
If the alternative to elections is that judges will be spoilsmen, then drafters might well prefer to risk that judges will become politicians.
Safe-harbor partnership allocations (i.e., those complying with the substantial economic effect requirements discussed above) prevailed until sometime in the early 1990s when certain drafters of partnership agreements made a conscious decision to draft partnership allocations in a completely different manner.
The drafters also included the fee to compensate for what some thought might be dramatic increases in health insurance company revenue and profit totals as a result of PPACA "shared responsibility" provisions that will tax many individuals who fail to have what PPACA defines as being a responsible amount of health coverage.
The Minister added that because of the need to speed up the finalisation of the important bill, it will be sent to legal drafters before a final round of consultations with members of both the lower and upper houses of Parliament have been held as earlier efforts to organise consultation workshops with them have proved difficult because of conflicting schedules.
It comes from one of the original drafters of the "Chicago Statement on Biblical Inerrancy" and his coauthor and defends the traditional understanding of inerrancy for new Christians being called to the challenge of defining God, truth and language.
Some Dodd-Frank Act drafters also feared that the sponsors of retirement plans governed by the Employee Retirement Income Security Act (ERISA) may have used swaps in risky ways without understanding the implications.
Different Egyptian political groups reached agreement on Al-Azhar's statement of principles as a suitable framework for drafters of a new constitution, reported the pan-Arab daily ASHARQ AL AWSAT.