Draft

(redirected from drafted)
Also found in: Dictionary, Thesaurus, Medical, Financial, Idioms, Encyclopedia.

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.

draft

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)

References in periodicals archive ?
(98) The Democratic version was drafted through a committee-led process, in which committee staff worked with personal staff from each office through successive drafts of the legislation, including making specific wording changes in response to concerns from committee members.
It contended that more draft coverage drove up signing bonuses, and didn't publicize the draft list in part to keep colleges from going out and recruiting drafted players.
There were, nevertheless, still charges that blacks, Hispanics, and those without money or connections were drafted at a disproportionate rate.
Ht/Wt: 6-5/195 lbs Position:SG Drafted From:Florida Class:Freshman
Other Oregon recruits drafted include first baseman Tyler Kuresa in the 11th round by the Twins, outfielder Connor Hoffman - who was drafted by his hometown team, the San Diego Padres - in the 16th round, and catcher Stefan Sabol to the Braves in the 17th round.
This piece was drafted (not merely signed) by twenty-four Nobel Peace Prize laureates--including the Dalai Lama, Mikhail Gorbachev, Nelson Mandela, Coretta Scott King, Desmond Tutu, and Elie Wiesel--and issued this past March 4 by the United Nations Educational, Scientific, and Cultural Organization.
We are positive that he will adopt the workers' draft, which he requested to be drafted last May 1, 2017,' the group said.
In the proposed trade, the Cavaliers would draft Thompson at number 4, and the slipping Valanciunas would get drafted by the Bobcats at number 9.
Will mandatory slotting impact on the number of high school players drafted? Will the expansion of the draft to the Dominican Republic resolve the problems MLB has with the "buscone" player development system?
Pittsburgh and Dallas are almost certain to pick a wideout in the first round and Stan James may regret their offer of 6-4 for more than two receivers to be drafted in round one.
The last person drafted was in 1973 in the midst of the Vietnam War, and in 1975 the Selective Service system was ended, only to be revived in 1980.
Given the performance of our uniformed volunteers, it is hard to imagine how drafted 19-year-olds would compare on the modern battlefield.