sight draft

Origin of sight draft

An Americanism dating back to 1840–50
Also called demand draft. 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