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.
Time draft: A demand for payment on a specified future date--comprising banker's acceptance, bill and sight draft.
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.
Payments are made in the form of sight or time drafts. 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.
The colour which is psychologically the happiest colour in the colour spectrum is all set to literally create a blast as this time Draft n Craft will be offering More discounts, More offers and More bargains on its legal and paralegal services.

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