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sight draft
(redirected from sight bill)

   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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This contrasts with a banker's draft or sight bill, which is good for immediate payment at sight.
 
 
 
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