draft Definition

draft

Definition

An instrument signed by a drawer to a drawee requesting payment at a future time to a third party (often the drawer).

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draft is ...
... part of the Banking subject.

Related Terms

overdraft protection - More

check - More

date draft -

letter of credit, sight draft, time draft, bill of exchange, bank, bank draft, security

draft appears in the definitions of these other terms on BusinessDictionary.com

deferred payment letter of credit (L/C), demand draft, collection basis, letter of guarantee, days date, and