Definitions for "Time Draft"
Related Terms:
Date draft, Sight draft, Tenor, Bankers acceptance, Bankers' acceptance, Accepting bank, Banker's acceptance, Acceptor, Draft, Bank bill, Bill of exchange, Draft, Acceptance, Drawer, Drawee, Bankers acceptances, Sight , Letter of credit, Usance, Documents against acceptance, Documentary draft, Honor, Check, Cheque, Banker's draft, Deferred payment credit, Documentary credit, Negotiating bank, Banking, Bank draft, Bank guarantee, Bank guarantee, Bank notes, Value date, Aval, Paying bank, Documents against payment, Bankers draft, Presenting bank, Banknote, Days of grace, Bankers' acceptance, Acceptance credit, Herstatt risk, Bank note, Documentary collection, Remitting bank, Certificates of deposit, Cancellation period
Demand for payment at a stated future date.
An unconditional order in writing by one person upon another, signed by the person giving it and ordering the person to whom it is directed to pay at a definite time in the future.
A draft that is payable on a specified future dare.
draft calling for payment at a later period than the delivery of the goods or services. Compare with Date Draft, Sight Draft. Français: Traite à terme Español: Letra de cambio a plazo
Draft that demands payment at a specified future date rather than immediately upon presentation.
draft which is payable at a specified point in the future, or under certain circumstances. see also sight draft.
The same as a Sight Draft except that the buyer can defer payment for a specified period of time after accepting the draft War Risk Insurance: Separate insurance coverage for loss of goods which results from any act of war This insurance is necessary during peacetime due to objects, such as floating mines, left over from previous wars War Risk Insurance in the United States is underwritten exclusively through the American Cargo War Risk Reinsurance Exchange. A group formed to share the extreme losses possible Warehouse Receipt: A receipt given by a warehouseman for goods received by him for storage.
a draft payable at a specified future date
a commercial draft on which a payment date is specified
A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. Compare Date draft and Sight draft (see chapter 13).
A draft that is payable at a specified time in the future.
a draft payable in the future or under special circumstances
An order in writing payable at a fixed or determinable future date. Example: A draft drawn at "180 days sight" on the First National Bank of Minneapolis means that payments will be made by First Bank Minneapolis or its designated agent on the 180th day from the date that First Bank Minneapolis has determined that documents comply with the terms of the Letter of Credit and has accepted the draft. To Order A term which denotes transferability and negotiability of a title document or a negotiable payment order.
A draft containing a tenor indicating that the draft is payable on a future date.
A draft that matures in a certain number of days, either from acceptance or the date of the draft.