Draft

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Related to drafts: checkers, bank drafts

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 ?
For its part, Miller views newcomers in the "draft in a bottle" market as me-too products.
In what seems like a stream of consciousness to the observer, drafts in the brain rapidly construct an interpretation of what happened that does not coincide with the actual sequence of observed events.
The meeting had given approval to draft law for granting rights to provide grant for financial assistance along with granting leave for Hajj and Umrah, he added.
According to Panelo, federalism proponents could submit to the public as many draft Charters as they want for the ultimate decision of the people.
Netizens started leaking the drafts on social media on Wednesday through a Google Drive link.
The Oregon sophomore waited until the 41st pick of Thursday's draft to get a call from Atlanta.
With free agency already three weeks old, the Pittsburgh Steelers have their eyes set on the 2017 NFL Draft. After reaching the AFC Championship Game, the team is looking to add a piece that can help them get over the hump and back in the Super Bowl for the first time since 2011.
The implications of this more granular understanding of the origins of legislative drafts are significant.
The idea that the draft could generate so much attention was preposterous as recently as 1998.
A draft is a preliminary text prepared for amendment, or use after scrutiny.
Although drafts were used mostly for work in times past, they are now just as likely to be used as riding horses.