Sight Draft(redirected from Sight Drafts)
Also found in: Dictionary, Thesaurus, Financial.
Related to Sight Drafts: bank acceptance
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.