Meaning DRAFT: An unconventional order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer's agent to pay, on demand (sight draft) or at a fixed future date (time draft) the amount specified on the face of the draft
More terms such as Draft in Dictionary D.
- Definition Documented Discount Notes:
- Examples backed by normal bank lines of credit plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower defaults. Such paper is also referred to as L.O.C. paper draft definition.
- Definition Dollar Bears:
- Examples Traders who capitalize on a falling dollar by buying other foreign currencies directly draft explain.
- Definition Deposit Insurance:
- Examples See: FDIC: Federal Deposit Insurance Corporation draft what is.
- Definition Deal Stock:
- Examples Stock subject to merger or acquisition, either publicly announced or rumored draft meaning.
- Definition Default:
- Examples Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture draft abbreviation.