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.]
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.]