time draft


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Related to time draft: sight draft

time draft

n.
A draft due for payment at a specified future time.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.time draft - a draft payable at a specified future date
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
References in periodicals archive ?
Crates must be well ventilated but at the same time draft free, meaning clean fresh air is a must while cold direct wind can rob body heat.
ECR Indonesia will appoint foreign consultants to prepare a blue print for the ECR e-commerce infrastructure and at the same time draft the project tender.
A B/A is a time draft (also known as a bill of exchange) drawn on and accepted by a bank, which obligates itself to pay the holder of the draft the face amount of the draft at maturity.
A sight draft is payable upon demand, while a time draft is payable a specific number of days (typically 60 to 90) after it has been presented.

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