sight draft

English - Turkish

Definition of sight draft in English Turkish dictionary: (Kanun,Ticaret) ibrazında ödenecek poliçe; (Ticaret) ibrazından ödenecek poliçe; görüldüğünde ödenecek poliçe
draft at sight: görüldüğünde ödenecek poliçe

English - English

Definition of sight draft in English English dictionary: Demand for immediate payment; A draft payable upon presentation; a draft that is payable upon presentation; A draft that is payable upon presentation to the drawee Compare Date draft and Time draft (see Chapter 13); A draft payable upon presentation to the drawee; a payable upon presentment draft, usually accompanied by documents displaying completed transaction terms; Draft that demands payment "at sight," or immediately, as opposed to a time draft, which may be payable "90 days after sight" or "30 days after bill of lading date "; A written order for payment of money payable upon presentation; A draft payable upon presentation of the required documents to the drawee, which allows for immediate payment, provided all terms have been complied with; A draft that is payable upon presentation to the drawee Compare Date draft and Time draft; Demand for payment upon presentation; Terms of sale common in manufacturing by which goods are shipped via common carrier to purchaser An invoice, sight draft document, and bill of lading are presented to the customer's bank When the bank debits the customer's account, the bill of lading is released and the goods are delivered; a draft payable on presentation; A bill of exchange (B/E) that is due on demand; i e , when presented to the bank Also see Bill of exchange; A draft or bill that is payable on demand or upon presentation. Also called demand draft

sight draft

Turkish pronunciation

sayt dräft

/ˈsīt ˈdraft/ /ˈsaɪt ˈdræft/

History

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