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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.

See Examples For:

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

From "A Farewell To Arms" by Ernest Hemingway

Every car that is shipped has a sight draft attached to the bill of lading, and the consignee can not get his car until he has paid the draft.

From The Great Events by Famous Historians, Volume 21 The Recent Days (1910-1914) by Charles F. (Charles Francis) Horne

Me and Caligula read it, and decided to let it go; for we, being cooks, were amenable to praise, though it sounded out of place on a sight draft for ten thousand dollars.

From The Gentle Grafter by H. C. Greening

The currants were quoted at a price "carriage and insurance free to London"; and the Bill of Lading etc. were to be handed to the buyer upon payment of the sight draft.

From The Waste Land by T. S. (Thomas Stearns) Eliot

Two hundred thousand dollars!—honor sight draft, or pay cash on presentation and transfer!

From In Her Own Right by Clarence F. Underwood

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