time draft

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time draft

n.
A draft due for payment at a specified future time.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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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
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