sight draft

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Related to Sight Drafts: bank acceptance
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  • noun

Synonyms for sight draft

a draft payable on presentation

References in periodicals archive ?
A sight draft is a temporary voucher written by a wholesaler or finance company to a dealership, - and these fraudulent drafts allowed -the dealership to settle up with Ford Motor Credit after the audits.
Powell didn't name the wholesalers who he said cooperated with the fraudulent sight draft scheme.