sight draft

Definition

A draft which is payable on demand.

Use sight draft in a sentence

You should always make sure that you bring your sight draft if you plan to pay it off at that time.

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He saw that what they had agreed upon was a sight draft and he was concerned about having the liquid assets to make a payment should he be asked for one without warning.

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One of the many benefits of using a sight draft when international shipments are being made is that the document will allow the exporter to be assured that the payment will be completed.

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