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imported>P.F.cowdell@shu.ac.uk
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imported>Doug Williamson
(Linked to The Treasurers Handbook - Payments and payment systems)
 
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A written order from one party (the drawer) to another (the drawee) to pay a party identified on the order (payee) or the bearer a specified sum, either on demand (sight draft) or on a specified date (time draft).
A written order from one party (the drawer) to another (the drawee) to pay a party identified on the order (payee) or the bearer a specified sum, either on demand (sight draft) or on a specified date (time draft).


== See also ==
== See also ==
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* [[Payable through draft ]]
* [[Payable through draft ]]
* [[Trade acceptance]]
* [[Trade acceptance]]
* [[Payments and payment systems]]


[[Category:Bank_Lending]]
[[Category:Long_term_funding]]
[[Category:Trade_Finance]]
[[Category:Liquidity_management]]
[[Category:Short-Term_Liquidity]]
[[Category:Trade_finance]]

Latest revision as of 16:16, 29 November 2014

Documentation.

A written order from one party (the drawer) to another (the drawee) to pay a party identified on the order (payee) or the bearer a specified sum, either on demand (sight draft) or on a specified date (time draft).


See also