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Sight draft   /saɪt dræft/   Listen
Sight draft

A draft payable on presentation.  Synonym: sight bill.

WordNet 3.0 © 2010 Princeton University

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"Sight draft" Quotes from Famous Books

... we can reach a town where there is both a bank and a telegraph office," replied Mr. Haynes. "The whole amount of money is on deposit in New York City, subject to sight draft. If you are well enough known at the bank, Don Luis, to introduce us, the draft may be drawn at that bank, and accepted from New York on ...
— The Young Engineers in Mexico • H. Irving Hancock

Words linked to "Sight draft" :   bill of exchange, draft, sight bill, order of payment

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