Sight draft
Demand for immediate payment. |
Similar financial terms
20-20 hindsightPerfect knowledge, but too late
Trade draft
A draft addressed to a commercial enterprise.
Time draft
Demand for payment at a stated future date.
Payable through drafts
A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft to the payer, which must approve it and return it to the bank before payment can be received.
Bank draft
A draft addressed to a bank.
Commercial draft
Demand for payment.
