Dr and Draft: Difference between pages
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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). | |||
== See also == | |||
* [[Bank draft]] | |||
* [[Banker's acceptance]] | |||
* [[Cheque]] | |||
* [[Documentary collection]] | |||
* [[Payable through draft ]] | |||
* [[Trade acceptance]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Trade_finance]] | |||
[[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).