Draft - Law Dictionary Search Results

cash

of purchase or delivery cash against documents : a sight draft in exchange for a bill of lading [agree that the

that person's order on demand see also negotiable instrument compare draft bank check : a check drawn by a bank on

place of deposit 3 : to write and sign (a draft) in due form for use in making a demand [

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drawee : the party (as a bank) on which a draft is drawn compare drawer, payee

drawer : the party that draws a draft compare drawee, payee

ed the check] 2 : to purchase or discount (a draft) in compliance with a letter of credit

is useful in achieving an end [conspiracy to counsel or draft resisters "K. A. Cohen"] often used in the phrase aid

merchandise and which usually requires the beneficiary to present a draft and some documentary proof (as of shipment or receipt of

something returned ;specif : a paper (as a check or draft) calling for payment that is returned by a bank to

instrument : a transferable instrument (as a note, check, or draft) containing an unconditional promise or order to pay to a

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