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sight draft

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sight draft

–noun
a draft payable upon presentation.
Also called demand draft.


Origin:
1840–50, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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sight draft  
n.   Abbr. SD
A draft or bill that is payable on demand or upon presentation. Also called demand draft.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

sight draft

A draft that is payable on demand. Compare time draft.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: sight draft
see DRAFT
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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