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sight draft |
Also found in: Dictionary/thesaurus, Financial | 0.01 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. See also: check, instrument Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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This contrasts with a banker's draft or sight bill, which is good for immediate payment at sight. |
sight bill |
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