sight draft

A draft that is payable on the bearer’s demand or on proper presentment to the drawer.

— Also termed demand draft. [Cases: Bills and Notes 129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.]

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词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。