Draft is an instrument completed by a creditor ordering a debtor to pay a specific sum of money.
Webster Dictionary Meaning
- Relating to, or characterized by, a draft, or current of air. Same as Draught.
- To compose and write; as, to draft a memorial.
- To draw from a military band or post, or from any district, company, or society; to detach; to select.
- To transfer by draft.
More from this Section
- Plaza Accord
Plaza Accord refers to an agreement among country representatives in 1985 to implement ...
- Inverted Yield Curve
An Inverted Yield Curve is a line graph that represents the fact that the long-term debt ...
- Market-penetration deposit pricing
Market-penetration deposit pricing is the offering high interest rates (ofte4n well above ...
- Earned premiums
Earned premiums actually earned during the accounting period as contrasted with premiums ...
- UCP 600
UCP 600 means uniform Customs and Practice for Documentary Credits, ICC Publication No. ...