draft is a written order drawn by one party, called a drawer, that directs a second party (almost always a bank), called a drawee, to pay a sum of money to a third party, called the payee. For example, a check. Drafts are used with letters of credit. Drafts may be sight drafts, payable upon receipt, or time drafts, payable on some specified future date.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). draft. Retrieved September 20, 2026, from http://smartdefine.org/draft/definitions/1152439 |
| Chicago | Barry Goldsmith. 2010. "draft" http://smartdefine.org/draft/definitions/1152439 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, draft, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/draft/definitions/1152439>. |
| MLA | Barry Goldsmith. "draft" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/draft/definitions/1152439> |