Get a free quote

Financial Glossary
search
Draft - Financial Glossary


Draft

An unconventional order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer's agent to pay, on demand (sight draft) or at a fixed future date (time draft) the amount specified on the face of the draft.















A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Next Finance Term: draining reserves









Related Finance and Investing Topics






Home | Site Map | Privacy | Contact Us | Resources

© 2001-2008 Your Financial Reference Source. All rights reserved.