Draft
Of negotiable instrument. May also be referred to as bill of exchange and order of payment.
A document ordering the payment of money; drawn by one person or bank on another.
This concept's ID is @1~67007
Contains
- check
A written order directing a bank to pay money; "he paid all his bills by check".
- foreign bill
A bill of exchange that is drawn in one country and made payable in another.
- overdraft
A draft in excess of the credit balance.
- redraft
A draft for the amount of a dishonored draft plus the costs and charges of drafting aga...
- inland bill
A bill of exchange that is both drawn and made payable in the same country.
- trade acceptance
A bill of exchange for a specific purchase; drawn on the buyer by the seller and...
- time draft
A draft payable at a specified future date.
- sight draft
A draft payable on presentation.
- dividend warrant
An order of payment (such as a check payable to a shareholder) in which a dividend...
- bank draft
A draft drawn by a bank against funds deposited in another bank.
- money order
A written order for the payment of a sum to a named individual; obtainable and payable...
- acceptance
Banking: a time draft drawn on and accepted by a bank.