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Related to Draft: bank draft, Military draft


A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand or at a definite time, to order or bearer.

A tentative, provisional, or preparatory writing out of any document (as a will, contract, lease, and so on) for purposes of discussion and correction, which is afterward to be prepared in its final form.

Compulsory Conscription of persons into military service.

Also, a small arbitrary deduction or allowance made to a merchant or importer, in the case of goods sold by weight or taxable by weight, to cover possible loss of weight in handling or from differences in scales.

A draft that is payable on demand is called a sight draft because the drawee must comply with its terms of payment when it is presented, in his or her sight or presence, by the payee. In contrast, a time draft is one that is payable only on the date specified on its face or thereafter.

A draft may be payable to a designated payee or to the bearer—the person who has possession of the draft at the time it is presented to the drawee for payment—pursuant to the drawer's directions.

A draft is sometimes synonymous with a bill of exchange, Commercial Paper, or negotiable instrument.

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


1) n. a bill of exchange or check in which one party (including a bank) is directed by the party drafting (writing) the bill or check to take money from the drafter's (writer's) bank account and pay it to another person or entity. 2) v. to prepare and sign a bill of exchange or check. 3) n. a less than final document, which is ready for discussion, re-writing and/or editing, such as a book, a proposal, or a legislative bill. 4) n. compulsory enrollment of non-volunteers for military service by lottery, as existed under the Selective Service System during World War I, from 1940 as World War II threatened to involve the United States, through the Korean and Vietnam conflicts until 1973. Since 1980 all men are required to register at 18, but there is no draft or call-ups. (See; bill of exchange, check)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Draft Protest Law creates permanent state of emergency: NGOs
The March 14 coalition and the Progressive Socialist Party have both voiced opposition to the draft, while MP Samir Geagea has described it as a form of gerrymandering in favor of the March 8 bloc.
Madyan al-Dabet said that the draft constitution keeps up with the developments which took place in Syria during the past decades on the political, economic, social and cultural levels.
Before the draft, procuring talent was on a first-come, first-served basis.
For much of the war, local draft boards across the nation determined who was most eligible for the draft, and who would be exempted or given a much lower chance of being called.
He also stressed that article 16 of the draft law "requiring the signature of three-quarters of workers before going on strike is exaggerated and is an indirect impediment to the freedom to strike."Article 14 of the draft also considers workers participating in a strike temporarily suspended from work during that period.
We welcome Minister Lukac's indicated readiness to improve the draft amendments and call on the RS National Assembly to take on-board any changes that would bring the Law on Public Peace and Order closer to EU and international standards, before the draft is adopted in the second reading, stated the EU Delegation.
The draft law includes provisions concerning the types of waste and materials that may be recycled, the controls on their circulation, management, processing, recycling or disposal at home or abroad, as well as the cases of revocation or suspension of the licence, the stages of waste treatment and regulation and the conditions that must be met at waste treatment sites and facilities.
The Ministry of Information is leading the draft procedure with the participation of Unesco, the UN's Office of the High Commissioner for Human Rights (OHCHR), the Club of Cambodian Journalists and civil society organisations.
The draft laws are the following: - Draft law on the issuance of a loan by the Central Bank of Tunisia (BCT), on behalf of the Tunisian State, on the international financial market subject of the agreements concluded between the BCT and a number of foreign financial institutions.
Hopefuls brace for action in PBA Draft Combine !-- -- Nelson Beltran (The Philippine Star) - December 12, 2018 - 12:00am MANILA, Philippines PBA coaches have their last chance to look at the draft hopefuls in the traditional Draft Combine slated today and tomorrow at the Hoops Center in Mandaluyong ndash three days before the draft day at the Robinsons Place Manila.