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sight draft
(redirected from Sight Drafts)

    Also found in: Dictionary/thesaurus, Financial 0.01 sec.

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.

See also: check, instrument
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Nonetheless, Fullerton's bank gave credit for these fictitious deposits When the sight drafts would bounce a few days later, "Barrow and his co-conspirators would replace the chargebacks with other fraudulent sight drafts," Hamilton said.
Ex-owners blame managers for car dealership's crash by Smith, Alicia H.; Waldon, George / Arkansas Business
First National Bank offers collection services for promissory notes, sight drafts, non-sufficient fundchecks, insurance drafts and foreign drafts.
For sale: financial services by Bauman, Margaret / Alaska Business Monthly
 
 
 
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