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 Piggyback Registration:
- Examples When a securities underwriter allows existing holdings of shares in a corporation to be sold in combination with an offering of new public shares payable through drafts definition.
- Definition Postponement Option:
- Examples The option of deferring a project without eliminating the possibility of undertaking it payable through drafts explain.
- Definition Purpose Loan:
- Examples A loan that is backed by securities and that is used to buy other securities under certain government regulations payable through drafts what is.
- Definition Placement:
- Examples A bank depositing Eurodollars with (selling Eurodollars to) another bank is often said to be making a placement payable through drafts meaning.
- Definition Placement Ratio:
- Examples The percentages of last week's new municipal bond offerings that have been bought from the underwriters, according to the Bond Buyer newspaper payable through drafts abbreviation.
