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Sight Draft |
Also found in: Dictionary/thesaurus, Financial, Acronyms | 0.04 sec. |
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A Commercial Paper that is payable upon presentment. When a draft or bill of exchange is payable at sight, money may be immediately collected upon presentment to the drawee named in the instrument. |
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To accept an offer, the owner signs the deed before a notary, endorses the sight draft and mails both documents to the purchaser. Once approved, KeyBuy financing includes a Sight Draft (which works like a check) that the customer can take to the dealer. |
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Sight Draft
