Definition: Instrument signed by a drawer to a drawee requesting payment at a future time to a third party. Definition: [crh] An unconventional order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer's Definition: agent to pay, on demand (sight draft) or at a fixed future date (time draft) the amount specified on the face of the draft.

<< Go back