sight draft


Accounting dictionary. 2014.

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

  • Sight draft — Sight Sight (s[imac]t), n. [OE. sight, si[thorn]t, siht, AS. siht, gesiht, gesih[eth], gesieh[eth], gesyh[eth]; akin to D. gezicht, G. sicht, gesicht, Dan. sigte, Sw. sigt, from the root of E. see. See {See}, v. t.] 1. The act of seeing;… …   The Collaborative International Dictionary of English

  • sight draft — noun a draft payable on presentation • Syn: ↑sight bill • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun : a draft payable on presentation * * * a draft payable upon presentation. [1840 50, Amer …   Useful english dictionary

  • sight draft — An instrument payable on proper presentment (i.e. payable on demand). U.C.C. No. 3 108. A bill of exchange for the immediate collection of money. United Ben. Fire Ins. Co. v. First Nat. Bank of Ariz., Phoenix, 1 Ariz.App. 550, 405 P.2d 488, 490.… …   Black's law dictionary

  • sight draft — A draft that is payable upon presentation to the drawee. American Banker Glossary Demand for immediate payment. Bloomberg Financial Dictionary * * *    ► See Bill of Exchange. * * * sight draft UK US noun [C] FINANCE ► DEMAND NOTE(Cf. ↑demand… …   Financial and business terms

  • Sight draft — Demand for immediate payment. The New York Times Financial Glossary * * *    ► See Bill of Exchange. * * * sight draft UK US noun [C] FINANCE ► DEMAND NOTE(Cf. ↑demand note) …   Financial and business terms

  • sight draft — A bill of exchange or draft payable upon presentation to the drawee. The equivalent of a check payable upon demand. Mt. Vernon Nat. Bank v Canby State Bank, 129 Or 36, 276 P2d 262, 63 ALR 1133. A draft payable at or after sight can never become… …   Ballentine's law dictionary

  • sight draft — Any bill of exchange that is payable on sight, i. e. on presentation, irrespective of when it was drawn …   Big dictionary of business and management

  • sight draft — a draft payable upon presentation. [1840 50, Amer.] * * * …   Universalium

  • sight draft — Fin a bill of exchange that is payable on delivery. See also time draft …   The ultimate business dictionary

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