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 ?
Kirk believes that increase may be coming from a renewed focus on draft from the major brewers.
After use, the originally saved draft remains as it is.
If you are interested in harvesting your own timber or want to go into the timber business as a profession, you will have a lot less invested in a team of drafts than in commercial logging equipment.
Clubs will retain signing rights to the players they draft only until Aug.
Ferris and Hedgcock (1998) believe that such grammatical corrections are necessary but should not be given on first drafts of multiple draft essays.
There is no need to decide in this case whether a testifying expert is required to retain, and a party is required to disclose, the drafts prepared solely by that expert while formulating the proper language in which to articulate that experts' own, ultimate opinion arrived at by the expert's own work or those working at the expert's personal direction.
The FIE Rules may result in FAPI to a foreign affiliate pursuant to draft paragraph 95(2)(g.
Along with two other Catholic organizations, the American PAX Association and the Catholic Worker, the CPF worked primarily behind the scenes at the Council to secure a condemnation of the nuclear arms race and a statement legitimizing the right of Catholics to conscientiously object to war-important gains for lay Catholics who opposed the Vietnam War and faced the draft.
The IETF's IPS Working Group is presently reviewing several Working Drafts that will eventually standardize how Ethernet IP networks natively transport encapsulated SCSI.
The comment deadline for the FASB exposure draft is May 31, 1996.
Then we assigned individuals to draft different sections of the statement, using other prospectuses as guidance.
For instance, a person's perception of the red color of a Santa Claus suit goes beyond simply seeing red; it emerges from the acuteness of his or her color vision, comparisons of the red suit with stored representations of other red items, and doubtless other red-related drafts in the brain.