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sight draft

a draft payable upon presentation.
Also called demand draft.
Origin of sight draft
1840-50, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2016.
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Examples from the Web for sight-draft
Historical Examples
  • We are prepared to honor a sight-draft with the Bonds attached, or to pay cash on presentation and transfer.

    In Her Own Right John Reed Scott
  • A heavy deposit, subject to a sight-draft, is the only position of strength.

    How to Succeed Orison Swett Marden

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