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Keywords:
Drawee,
Unconditional,
Drawer,
Payee,
Sight
A document written by a person (drawer) to have an institution (drawee) to pay...
An order from one person or party to another, directing the payment of money; a bill of exchange.
Sometimes called a Bank Drafter Bill of Exchange, the Draft is a negotiable instrument which contains an order to pay. It must be signed by the drawer (seller) and be payable at sight or by a certain time. The Draft must contain an unconditional order to pay a certain sum of money to the drawee (buyer). Drafts are used in both collection and Letter of Credit methods of payment.
A negotiable instrument, often used by insurance companies to pay claims, whereby instead of ordering a bank (as in a check) to pay, the payer (the insurance company) orders itself to pay.
A signed, written order by which one party (drawer) asks another party to pay a specific amount to a third party. This unconditional demand for payment is also called a Bill of Exchange.
An unconditional order in writing addressed by one person to another, signed by the person giving it , requiring the person to whom it is addressed to pay, on demand or at a fixed or determinable future time a certain sum of money to or to the order of a specified person or bearer. Also referred to as a Bill of Exchange.
An written order demanding payment.
An order directing the payment of money subject to approval by the payor when presented for payment. Most often used for payment of insurance losses.
An order for the payment of money from one person to the other, such as a check.
Another word for Bill of exchange. It is a written, unconditional payment order from one person ( drawee) to another ( Drawer), under which the drawee is to pay a specified sum of money, in a given currency and on a specified date, to the drawer. A sight draft calls for immediate payment (i.e. on sight), while a time draft calls for payments at a predetermined future date. Français: Traite Español: Draft
A signed, written order, which is addressed by the maker to the Drawee, to pay a sum of money to a third person, the payee.
An instrument signed by a drawer to a drawee requesting payment at a future time to a third party (often the drawer). see also overdraft protection, check, date draft, letter of credit, sight draft, time draft.
Also called a check, a document signed by a drawer to a drawee ordering payment on a future date.
Written demand for payment of a specified amount addressed to a named party, called the "drawee," and signed by the "drawer." A draft may demand payment immediately upon presentation ("at sight") or on a specified maturity date and must also specify a party to be paid (the "payee"). Most drafts are "negotiable," meaning the payee's right to payment can be transferred by the payee to another party by endorsement and delivery of the draft.
A debt instrument drawn by a bank on itself. It is issued at the request of a customer who wishes to transfer money from his account to that of another person or for cash payable at another location.
"issued by the exporter's bank, ordering the importer's bank to pay for the merchandise, thus guaranteeing payment once accepted by the importer's bank"
A written, unconditional order for payment from one party (the drawer) to another (the drawee). It directs the drawee to pay an indicated amount to the drawer. A sight draft calls for immediate payment. A term draft requires payment over a specified period.
a document ordering the payment of money; drawn by one person or bank on another
a call for a payment of money as a tax is
a check-like instrument which can be denominated in U
a document that orders the payment of money, such as a check
a negotiable instrument that is an order
an instruments that orders a payment to be made
an order drawn by an authorized agent of the company
an order in writing signed by one party (the drawer) requesting a second party (the drawee) to make payment in lawful money at a determinable future time to a third party (the payee)
a three-party legal instrument, which is used to move valuable substance, called value, money, funds, or backing, from a first party to a second party, under the control of a third party
a written order by one person on another, for the payment of a specified sum of money to a third person, or to his order
a written order by which the party creating it, orders another party to pay money to a third party
A negotiable instrument for the payment of money drawn by one person to another.
An instrument completed by a creditor ordering a debtor to pay a specific sum of money.
An order for the payment of money drawn by one person or bank on another. Often used in the dispersal of an operating loan to a borrower for payment of bills.
An unconditional order in writing from one person (the drawer) to another (the drawee), directing the drawee to pay a specified amount to a named drawer at a fixed or determinable future date. See Date draft, Sight draft, Time draft.
A mode of currency exchange; a written order for the payment of money drawn by one person or bank on another.
An unconditional order in writing from one person (the Drawer) to another (the Drawee), directing the drawee to pay a specified amount to a named drawer on presentation or on a fixed date.
negotiable instrument presented to the buyer's bank for payment.
The number of feet that the hull of a ship is beneath the surface of the water. - An unconditional order in writing, addressed by one party (drawer) to another party (drawee), requiring the drawee to pay at a fixed or determinable future date a specified sum in lawful currency to the order of a specified person.
A written order by one party to another party demanding the payment of a specified sum of money to a designated third person.
Written order by one party directing a second party to make payment to a third party.
A written, signed and dated order from one person to another, including a bank, to pay a sum of money to a specific party.
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 specified on its face.
A debt instrument payable on sight, or at a specific time in the future, upon presentation to a paying agent, usually a bank.
A paper payment order issued by a second party (e.g., Ruesch) on behalf of a primary party (e.g., a Ruesch client) which pays a specified sum to a third party (e.g., the client's beneficiary).
A signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight or at a specific date.
A signed, written order by which one party (the drawer) instructs another (the drawee) to make payment to a third (the payee). In international banking, a draft is often called a Bill of Exchange.
A means of payment whereby a drawer (the importer) instructs a drawee (either the importer or its commercial bank) to pay the payee (the exporter). Also known as trade bill or bill of exchange.
A financial instrument similar to a check frequently used by insurance companies to pay losses.
A signed, written, and unconditional order from one person to another, directing the latter to pay a specified sum of money to a third party, on demand or at a future date.
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