sight draft


noun

a draft payable upon presentation.

Origin of sight draft

An Americanism dating back to 1840–50
Also called demand draft.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for sight draft

  • We are prepared to honor a sight-draft with the Bonds attached, or to pay cash on presentation and transfer.

    In Her Own Right|John Reed Scott
  • A heavy deposit, subject to a sight-draft, is the only position of strength.

    How to Succeed|Orison Swett Marden