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Definition of Sight draft
1. Noun. A draft payable on presentation.
Lexicographical Neighbors of Sight Draft
Literary usage of Sight draft
Below you will find example usage of this term as found in modern and/or classical literature:
1. Business Law: A Working Manual of Every-day Law by Thomas Conyngton (1920)
"sight draft No. 745 BALTIMORE, MB., January 7, 1920 At sight pay to the ...
The difference between this and the sight draft above is that this draft is paid ..."
2. Forms of Pleading in Actions for Legal Or Equitable Relief: Prepared with by Austin Abbott, Carlos Coolidge Alden (1898)
"On sight draft against a Corporation Drawer. I. [Allege corporate capacity as in
Forms 37-40]. II. That on or about the day of , 18 , at , the defendants ..."
3. A Digest of the Decisions of the Courts of Last Resort of the Several States by Stewart Rapalje (1891)
"Indorser of sight draft is liable to holder on default of ... sight draft must
be presented for payment within reasonable time, and court cannot, ..."
4. The Law of Banks and Banking: Including Acceptance, Demand and Notice of by John Maxcy Zane (1900)
"Thus the draft may be an ordinary sight draft, a draft payable at sight without
... 609 is contra as to a sight draft. The court in this last case cited ..."
5. Money and Banking by John Thom Holdsworth (1914)
"A sight draft is payable on demand; a time draft is payable a certain time after
sight or date. The party drawing the bill is called the "drawer" and the ..."
6. Principles of Bookkeeping: Complete Course Illustrating the Journal Method by George Washington Miner, Fayette Herbert Elwell (1918)
"On May 6 you drew a sight draft on Warren & Son, in your own favor, ... H.
Powell, Cleveland, Ohio, amounting to $125.50, subject to a sight draft in 10 da. ..."
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