time draft

time draft
An unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay at a fixed or determinable future time a sum certain in money to order or bearer. Uniform Negotiable Instruments Law § 126; UCC § 3-104(2)(a); 11 Am J2d B & N § 13.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • time draft — see draft Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. time draft …   Law dictionary

  • time draft — ☆ time draft n. a draft payable at a future specified date …   English World dictionary

  • time draft — noun a draft payable at a specified future date • Syn: ↑time bill • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun : a draft payable a specified number of days after date of the draft or presentation to the drawee * * * a… …   Useful english dictionary

  • time draft — a draft payable within a specified number of days after it is presented. [1860 65, Amer.] * * * …   Universalium

  • time draft — A draft that is payable on a future date. American Banker Glossary Demand for payment at a stated future date. Bloomberg Financial Dictionary * * *    ► See Bill of Exchange …   Financial and business terms

  • time draft — See: documentary draft …   Accounting dictionary

  • Time draft — Demand for payment at a stated future date. The New York Times Financial Glossary * * *    ► See Bill of Exchange …   Financial and business terms

  • time draft — A bill of exchange drawn on and accepted by a US bank. See also banker s acceptance …   Big dictionary of business and management

  • draft — 1 n 1: a preliminary version of something (as a law) 2 a: a system for or act of selecting individuals from a group (as for military service) b: the act or process of selecting an individual (as for political candidacy) without his or her… …   Law dictionary

  • draft — A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand… …   Black's law dictionary

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