time draft

time draft
noun
a draft payable at a specified future date
Syn: ↑time bill
Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment

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noun
: a draft payable a specified number of days after date of the draft or presentation to the drawee

* * *

a draft payable within a specified number of days after it is presented.
[1860-65, Amer.]

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time draft,
a draft to be paid at the future time stated in the draft.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • time draft — see draft Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. time draft …   Law dictionary

  • time draft — ☆ time draft n. a draft payable at a future specified date …   English World dictionary

  • time draft — a draft payable within a specified number of days after it is presented. [1860 65, Amer.] * * * …   Universalium

  • time draft — A draft that is payable on a future date. American Banker Glossary Demand for payment at a stated future date. Bloomberg Financial Dictionary * * *    ► See Bill of Exchange …   Financial and business terms

  • time draft — See: documentary draft …   Accounting dictionary

  • time draft — 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 at a fixed or determinable future time a sum certain in money to order or bearer. Uniform… …   Ballentine's law dictionary

  • Time draft — Demand for payment at a stated future date. The New York Times Financial Glossary * * *    ► See Bill of Exchange …   Financial and business terms

  • time draft — A bill of exchange drawn on and accepted by a US bank. See also banker s acceptance …   Big dictionary of business and management

  • draft — 1 n 1: a preliminary version of something (as a law) 2 a: a system for or act of selecting individuals from a group (as for military service) b: the act or process of selecting an individual (as for political candidacy) without his or her… …   Law dictionary

  • 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… …   Black's law dictionary

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