draft
An instrument signed by a drawer to a drawee requesting payment at a future time to a third party (often the drawer).
Related Terms
Related Terms on BusinessDictionary
collection basis
letter of guarantee
days date
bank draft
days sight
deferred payment letter of credit (L/C)
demand draft
straight credit
clean collection
straw man
noncash item
collection letter
term of a bill
acceptance letter of credit (L/C)
back date
memorandum of agreement
banker's lien
trial balance
negotiability
bank release
uncleared effects
negotiating bank
barge
under reserve
negotiation credit
documentary bill
uniform rules for collections (URC)
non-record
documentary draft
usance
documents
white paper
omnibus bill
documents against acceptance (D/A)
bill of exchange (BOE)
working file
documents against payment (D/P)
draft authorization agreement
payee
draught
clean draft
paying bank
clean letter of credit (L/C)
letter of guarantee
days date
bank draft
days sight
deferred payment letter of credit (L/C)
demand draft
straight credit
clean collection
straw man
noncash item
collection letter
term of a bill
acceptance letter of credit (L/C)
back date
memorandum of agreement
banker's lien
trial balance
negotiability
bank release
uncleared effects
negotiating bank
barge
under reserve
negotiation credit
documentary bill
uniform rules for collections (URC)
non-record
documentary draft
usance
documents
white paper
omnibus bill
documents against acceptance (D/A)
bill of exchange (BOE)
working file
documents against payment (D/P)
draft authorization agreement
payee
draught
clean draft
paying bank
clean letter of credit (L/C)
payment system
clear and present danger
pay to order
clearing cycle
presenting bank
Codex Alimentarius Commission
recourse
holder in due course
issuing bank
time draft
days of grace
transaction account
bearer check
not negotiable
cashing
paper money
draft bill of exchange
drawee bank
remittance
clean
maker
bearer
due date
negotiable instrument
on demand
face
check
writer
collection
financial instrument
bill
order
clear and present danger
pay to order
clearing cycle
presenting bank
Codex Alimentarius Commission
recourse
holder in due course
issuing bank
time draft
days of grace
transaction account
bearer check
not negotiable
cashing
paper money
draft bill of exchange
drawee bank
remittance
clean
maker
bearer
due date
negotiable instrument
on demand
face
check
writer
collection
financial instrument
bill
order
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draft is ...
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