Sight Draft

(redirected from Bills of Sight)
Also found in: Dictionary, Thesaurus, Financial.
Related to Bills of Sight: bill of lading, bill of entry

Sight Draft

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
Mentioned in ?