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 classic literature ?
Hyde had a song upon his lips as he compounded the draught, and as he drank it, pledged the dead man.
I sent out for a fresh supply and mixed the draught; the ebullition followed, and the first change of colour, not the second; I drank it and it was without efficiency.
Her ladyship was feebly merry (the result, no doubt, of the exhilarating properties of the red lavender draught) on the subject of Mrs.
This arranged, her ladyship was free to refresh herself with another dose of the red lavender draught, and to sleep the sleep of the just who close their eyes with the composing conviction that they have done their duty.
He found his patient cured by the draught! It was contrary to all rule and precedent; it savored of quackery--the red lavender had no business to do what the red lavender had done--but there she was, nevertheless, up and dressed, and contemplating a journey to London on the next day but one.
We were utterly perplexed, till suddenly it struck Good that when I had lit the match the draught of the passage blew the flame to the left.
"Let us go against the draught," he said; "air draws inwards, not outwards."