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sight draft

noun
  1. a draft payable upon presentation.
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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. 2018

Examples from the Web for sight draft

Historical Examples of sight draft

  • A heavy deposit, subject to a sight-draft, is the only position of strength.

    How to Succeed

    Orison Swett Marden

  • 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