A draft that matures in a certain number of days, either from acceptance or the date of the draft
A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft Compare Date draft and Sight draft (see Chapter 13)
An order in writing payable at a fixed or determinable future date Example: A draft drawn at "180 days sight" on the First National Bank of Minneapolis means that payments will be made by First Bank Minneapolis or its designated agent on the 180th day from the date that First Bank Minneapolis has determined that documents comply with the terms of the Letter of Credit and has accepted the draft