banker's sight
1sight draft — A draft that is payable upon presentation to the drawee. American Banker Glossary Demand for immediate payment. Bloomberg Financial Dictionary * * * ► See Bill of Exchange. * * * sight draft UK US noun [C] FINANCE ► DEMAND NOTE(Cf. ↑demand… …
2Europe, history of — Introduction history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …
3draft — A written order drawn by one party, called a drawer, that directs a second party (almost always a bank), called a drawee, to pay a sum of money to a third party, called the payee. For example, a check. Drafts are used with letters of credit.… …
4Bankers' acceptance — A banker s acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a …
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10Draft — An unconventional order in writing signed by a person, usually the exporter, and addressed to the importer ordering the importer or the importer s agent to pay, on demand ( sight draft) or at a fixed future date ( time draft), the amount… …
