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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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* [[Trade acceptance]] | * [[Trade acceptance]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Trade_finance]] | ||
[[Category: | [[Category:Liquidity_management]] | ||
Revision as of 09:20, 22 August 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).
