What is the meaning of sight draft?

sight draft is a customer's order to a financial institution holding the customer's funds to pay all or part of them to another institution in which the customer has another account. The draft is payable upon delivery to the first institution, or "upon sight." Also called a customer draft.

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APABarry Goldsmith. (2010). sight draft. Retrieved September 21, 2026, from http://smartdefine.org/sight_draft/definitions/1163565
ChicagoBarry Goldsmith. 2010. "sight draft" http://smartdefine.org/sight_draft/definitions/1163565 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, sight draft, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/sight_draft/definitions/1163565>.
MLABarry Goldsmith. "sight draft" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/sight_draft/definitions/1163565>
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