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单词 time draft
释义

Time Draft


Related to Time Draft: sight draft

Time Draft

A written order to pay a certain sum in money that is payable at a particular future date.

Time drafts, sometimes called time bills or time loans, are frequently used by merchants to finance the transportation of goods.

Cross-references

Commercial Paper.

time draft


Time draft

Demand for payment at a stated future date.

Time Draft

A check or other draft that is not payable to the payee until a stated date in the future. It contrasts with a sight draft, in which the payee may demand payment upon presentation of the draft to the appropriate party.

time draft

A draft that is payable a certain number of days after it has been presented. Compare sight draft.

time draft


Related to time draft: sight draft
  • noun

Synonyms for time draft

noun a draft payable at a specified future date

Synonyms

  • time bill

Related Words

  • bill of exchange
  • draft
  • order of payment
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更新时间:2024/12/23 0:40:32