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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 ?
Like Dy and Bernarte, Edward Mayani, bar supervisor of Draft Alabang, is overjoyed to be chosen to represent the country in its first ever attempt in the Draught Masters competition.
Stella Artois has produced Draught Masters extraordinaire who have flawlessly performed this Belgian beer's pouring ritual with speed and precision under bright lights and before the watchful eyes of knowledgeable judges.
Boasting, he said that Castle Draught in a Can represents the consistency that Castle Lager has retained over the years.
Draught in a can is exclusively available in 440ml cans, in six packs and cases of 24, making it easy and convenient for beer lovers across the country to enjoy their favourite draught straight from the fridge while on a game drive, chatting around some braaivleis and kapana, or whilst relaxing at home, watching the game.
If there is a gap at the bottom block it with a draught excluder, you can make one or buy one.
Draught excluders conserve energy and can reduce heat loss by 10 to 20% for a small investment of time and money.
"One focus is draught quality on the dispense side: systems, cleaning, pressure sources, beer towers," she explains.
"They understand the profit potential of draught. They understand the importance of an inch of foam, a beer-clean glass.