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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

But here in the bank he stumbled over a sight draft for $4.17 drawn by a grocery firm and accepted by one Jerry Tangle.

From A Canadian Bankclerk by Buschlen, J. P.

He may be solvent, but he cannot meet a sight draft.

From Creative Chemistry Descriptive of Recent Achievements in the Chemical Industries by Slosson, Edwin E.

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 Horne, Charles F. (Charles Francis)

White had been somewhat disappointed when the missionary said that, having no funds in St. Johns, he would be obliged to give a sight draft on New York in payment for the goods.

From Under the Great Bear by Munroe, Kirk