documentary draft

Any order in writing requiring the recipient to pay the amount specified on the face of the document, either on presentation of the document (sight draft) or at a fixed future date (time draft).

Accounting dictionary. 2014.

Look at other dictionaries:

  • documentary draft — see draft Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • documentary draft — A documentary draft or a documentary demand for payment is one the honor of which is conditioned upon the presentation of a document or documents. Document means any paper including document of title, security, invoice, certificate, notice of… …   Black's law dictionary

  • documentary draft — noun see documentary bill …   Useful english dictionary

  • draft — 1 n 1: a preliminary version of something (as a law) 2 a: a system for or act of selecting individuals from a group (as for military service) b: the act or process of selecting an individual (as for political candidacy) without his or her… …   Law dictionary

  • draft — A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand… …   Black's law dictionary

  • documentary bill — noun or documentary draft also document bill : a bill of exchange drawn on a consignee of goods and having appended to it the shipment documents by way of collateral security for its payment …   Useful english dictionary

  • Draft Dodger Rag — Song by Phil Ochs from the album I Ain t Marching Anymore Published 1964 Released 1965 Genre Protest song, folk …   Wikipedia

  • Draft details —   An ISO term. Information pertaining the draft required under a documentary credit.   ISO Documentary Credit Forms term. 20x 30x.   ISO Standard Telex Formats term. 4*35x …   International financial encyclopaedia

  • documentary collection — A service provided by banks to sellers in obtaining payments. This service is usually transacted by the seller s bank through the buyer s bank, with the latter presenting the shipping documents to the buyer in exchange for payment or for signing… …   Financial and business terms

  • documentary collections — Trade transactions handled on a draft basis. Bloomberg Financial Dictionary …   Financial and business terms

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