draft which is payable on demand. see also time draft.
Demand for immediate payment.
Draft that demands payment "at sight," or immediately, as opposed to a time draft, which may be payable "90 days after sight" or "30 days after bill of lading date."
A Sight Draft is used when the seller wishes to retain control of the shipment, either for credit reasons or for the purpose of title retention. Money will be payable at sight of the completed documents.
a draft payable on presentation
a bill which is paid immediately on presentation
a commercial draft that is payable on
a draft drawn and payable "at sight," that is, when it is presented to the drawee for payment
a draft that is payable by the buyer upon presentation of the draft to the buyer
Terms of sale common in manufacturing by which goods are shipped via common carrier to purchaser. An invoice, sight draft document, and bill of lading are presented to the customer's bank. When the bank debits the customer's account, the bill of lading is released and the goods are delivered.
banking) A financial instrument payable upon presentation or demand. A bill of exchange may be made payable upon presentation or demand, or within a particular period after demand is made.
A draft that is payable on demand.
A draft that is payable upon presentation to the drawee. Compare Date draft and Time draft.
A Bill of Exchange payable at sight, ie “on demand
A draft payable upon presentation of the required documents to the drawee, which allows for immediate payment, provided all terms have been complied with.
A Bill of Exchange payable immediately as opposed to a Usance bill.
Abbreviation: S/D. Draft payable on presentation to the drawee.
A written order for payment of money payable upon presentation.
A draft required to be paid upon presentation.
A written order to pay upon presentation or delivery.
