sight draft

n. A draft that is payable on demand, especially one due for payment upon presentation.

Thesaurus

Noun

sight draft - a draft payable on presentationsight billbill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another

Sight Draft

A Commercial Paper that is payable upon presentment.

When a draft or bill of exchange is payable at sight, money may be immediately collected upon presentment to the drawee named in the instrument.

sight draft

Sight draft

Demand for immediate payment.

Sight Draft

A check or other draft that is payable to the payee when the payee presents the draft to the appropriate party. It contrasts with a time draft, which is not payable until a stated date in the future.

sight draft

A draft that is payable on demand. Compare time draft.

See SD

See S/D

sight draft

noun

Synonyms for sight draft

noun a draft payable on presentation

Synonyms

sight bill

Related Words

bill of exchange
draft
order of payment

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