Meaning PAYABLE THROUGH DRAFTS: A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft to the payer, which must approve it and return it to the bank before payment can be received
More terms such as Payable through drafts in Dictionary P.
- Definition Purchase Fund:
- Examples Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value payable through drafts definition.
- Definition Pension Reversion:
- Examples Termination of an overfunded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan payable through drafts explain.
- Definition Pre-Tax Earnings Or Profits:
- Examples Net income before federal income taxes are subtracted payable through drafts what is.
- Definition Pac-Man Strategy:
- Examples Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm payable through drafts meaning.
- Definition Prepaid Interest:
- Examples An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement payable through drafts abbreviation.
