sight draft

noun

1. a draft payable upon presentation.

Word History and Origins

Origin of sight draft¹

An Americanism dating back to 1840–50

Example Sentences

I will draw a sight draft on my grandfather, I said.

From Literature

For, of all overdue debts in this world of varied indebtedness, the hardest by a million-fold to pay are the sight drafts of defunct sentiment.

From Project Gutenberg

The sight draft Check.—A check is a written order on a bank, signed by a depositor, directing the bank to pay a certain person a certain sum of money.

From Project Gutenberg

Sometimes you can get settlement by means of a sight draft.

From Project Gutenberg

Credits are intrinsically sound and in ordinary periods are usually regulated with foreign countries by purchase at ninety, or one hundred-and-twenty days' sight drafts.

From Project Gutenberg