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Definition

Draft

Draft is an instrument completed by a creditor ordering a debtor to pay a specific sum of money.

Webster Dictionary Meaning

1. Draft
- Pertaining to, or used for, drawing or pulling (as vehicles, loads, etc.). Same as Draught.
- Relating to, or characterized by, a draft, or current of air. Same as Draught.
2. Draft
- To draw the outline of; to delineate.
- 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.
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