Draft

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

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Related Definitions

Overdraft System
Overdraft System is the system in which the borrower is...
Usance Draft
Usance Draft is term draft, a written demand for payment...
Sola Draft
Sola Draft is a single Bill of Exchange as distinguished...
Demand Draft
Demand Draft is a Bill of Exchange payable at sight...
Draft/Bill of Exchange (B/E)
A draft, sometimes called a bill exchange (B/E), is the...

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