Sight Draft - Law Dictionary Search Results

Home Dictionary Name: sight draft

draft 1 : a preliminary version of something (as a law) 2 a : a system for or act of selecting individuals from a group (as for military service) b : the act or process of selecting an individual (as for political candidacy) without his or her expressed consent 3 : an order for the payment of money drawn by one person or bank on another see also drawee, drawer compare check documentary draft : a draft that will be honored only upon the presentation of certain documents (as an invoice or certificate of title) sight draft : a draft payable on presentation time draft : a draft payable a specified number of days after the date of the draft or of its presentation vt 1 : to select for some purpose ;specif : to conscript for military service 2 : to compose or prepare esp. the preliminary version of [ing legislation] vi : to practice draftsmanship draft·er n ...

sight

sight : payable on presentation see also sight draft at draft ...

cash

cash 1 : ready money 2 : money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery cash against documents : a sight draft in exchange for a bill of lading [agree that the buyer will pay cash against documents] ...

Advice

Advice, [fr. avis, Fr., avviso, It., avice, Old Eng.], view, opinion, counsel; also, the instruction usually given by one merchant or banker to another by letter, informing him of bills or drafts drawn on him, with particulars of date, or sight, the sum, and the payee. Bills presented for acceptance or payment are frequently dishonoured for 'want of advice....

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