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 ?
A tough assessment, but one with which Greuze the Draftsman leads you to disagree.
As a statistical draftsman, Byers made charts and flipped slides at countless briefings.
People don't leave school and say 'I want to be a cost draftsman',' said Mr Seddon.
While I was leafing through the catalogue for "The Draftsman's Art: Master Drawings from the National Gallery of Scotland" a phrase leaped out at me.
In 1969, Markus Raetz, then twenty-eight years old, participated in the epochal exhibition "When Attitudes Become Form." The entry of language into art as a medium in its own right brought early international recognition to the work of this crafty draftsman and word acrobat, and though Raetz recently installed a text object in a public space in Geneva, his earlier word-images have generally given way to optical experiments, as this retrospective exhibition, "Nothing is lighter than light," shows.
They were executed on the translucent paper of a draftsman's sketchpad.
In his essay "Pieter Bruegel as a Draftsman: The Changing Image," Martin Royalton-Kisch speculates that the sixty-one drawings accepted by Mielke plus six others known from copies represent less than one percent of Bruegel's output.
Famous for his exaggeratedly elongated and thin sculptures of the human figure, internationally renowned Swiss sculptor, painter and draftsman Alberto Giacometti is the subject of a retrospective at the Museum of Modern Art.
He worked for many years as a machine tool draftsman. He was a member of the Harvard Sportsmen's Club, Wesley United Methodist Church, and Troop 8 Boy Scouts of America.
He recalls: "I was an apprentice jig and tool draftsman and eventually became personnel and training manager and was made MBE the year before I retired.
Scher's skills as a draftsman are on par with his gifts as a colorist: Animals, figures, and faces rendered in spare hatch marks or simple monochrome are as texturally elaborate as those built up from confident strokes of watercolor or in tandem with abstract painterly passages.
That objective, as far as he and his fellow draftsman were concerned, was to "try and salvage the Constitution", which, he pointed out, had been ratified by 14 member states and around which a strong consensus had formed.