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- a draft payable upon presentation.
Origin of sight draft
An Americanism dating back to 1840–50
Also called demand draft.
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for sight draft
A heavy deposit, subject to a sight-draft, is the only position of strength.
We are prepared to honor a sight-draft with the Bonds attached, or to pay cash on presentation and transfer.