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

Use draft in a sentence

We accepted a draft in lieu of payment to give him at least one year to satisfy his financial debt.

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The draft would be on television and I did not want to miss it because it would be really amazing this year.

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When my company agreed to buy a new truck, they sent me to the bank to get a draft that we could give to the seller of the vehicle to pay for it.

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banker's draft security