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 ?
He also pointed to the difficulty of drafting constitutions in general and the Libyan constitution in particular in a state that is yet to stabilise.
With so many different drafting pathways, the obvious follow-up question is why MCs pursue different drafting strategies.
About 20 people served on the core drafting team, including several representatives from the lead underwriter, the underwriter's counsel, our outside counsel, our two steering-committee coordinators, the business-unit coordinators and our steering-committee attorney.
Students who previously would not have done well in drafting because they lacked the coordination and manual dexterity skills required to letter perfectly and draw lines of the same weight, no longer need to concentrate on these skills.
After 1968 the drafting of players with one or two years' service in Organized Baseball was phased out.
Richard Frederick, administrator at the OECD in Paris, said the joint approach to drafting the accounting framework was a major step in harmonizing international accounting practices.
Nevertheless, I believe Filipinos should still prepare for the constitutional drafting process.
PAN Sorasak, Minister of Commerce presided over the third meeting of Committee on Management and Promotion of Trade Related Draft Laws and Regulations to receive update on the drafting of 10 laws and regulations.
It is, indeed, rather easy and almost sporting to parse these rules for interpretative or drafting uncertainties or seeming deficiencies by ignoring their internationally recognized context, which tends to accord less significance to the prescriptive rules themselves and, generally, more to the objectives that they serve and the transactional pricing and income measurement and allocation tests for which legislative rules are more a framework than a manual and that remain essentially unchanged despite the legislative reformulation.
They will also discuss whether to honor the draft positions that teams acquired from a previous deal or use the new system in drafting the Gilas players.
lot 1: drafting phase "working draft" of the subject: municipal road szr 2021 / ii-55 pass of the republic - gourkovo / pchelinovo - left river;