draft what is
Meaning of Draft explanation. What is usually the exporter, and addressed to the importer-ordering.

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Draft definition

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.
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