time draft

Definition

A draft which is payable at a specified point in the future, or under certain circumstances.

Use time draft in a sentence

You should always try to make sure that you know exactly what the due date of any time draft will be.

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There was a time draft and we had to pay a lot of attention to it and keep it in our awareness, or we would forget it.

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The time draft that he has been issued was very specific about when he would need to make full payment on it and he was glad for the clarity.

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