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sight draft

American  

noun

  1. a draft payable upon presentation.


Etymology

Origin of sight draft

An Americanism dating back to 1840–50

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

I will draw a sight draft on my grandfather, I said.

From "A Farewell To Arms" by Ernest Hemingway

The sight draft Check.—A check is a written order on a bank, signed by a depositor, directing the bank to pay a certain person a certain sum of money.

From Business English A Practice Book by Buhlig, Rose

Check, 339; certified check, 339 ff.; endorsement, methods of, 340; express money order, 340; postal money order, 341; bank draft, 341 ff.; time draft, 343 ff.; sight draft, 344 ff.

From Business English A Practice Book by Buhlig, Rose

Your bank cheque is your sight draft on your bank.

From Up To Date Business Home Study Circle Library Series (Volume II.) by Eaton, Seymour

No. 3 is a sight draft payable to the order of a bank and accepted payable at a bank.

From Up To Date Business Home Study Circle Library Series (Volume II.) by Eaton, Seymour