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Time draft |
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Time draftDemand for payment at a stated future date.Time draft Similar MatchesOverdraftOverdraftProvision of instant credit by a lending institution. DraftDraftAn order in writing by one party to another party to pay a specified sum to a third party or bearer on a particular date. The party making the order or drawing the draft is known as the drawer. The party to whom the bill is addressed is the drawee (for example a bank). The party to whom the bill is payable is the payee. Bank draftBank draftA draft addressed to a bank. Sight draftSight draftDemand for immediate payment. Trade draftTrade draftA draft addressed to a commercial enterprise. See: Draft. Further Suggestionsbanker's draftCommercial draft overdraft Usance Draft Overdraft facility Overdraft checking account |
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