Glossary term
Sight Draft
A draft payable immediately on presentation to the drawee.
A bill of exchange payable when presented, rather than at a future date. Under a documentary collection, documents are released against payment of the sight draft.
Glossary term
A draft payable immediately on presentation to the drawee.
A bill of exchange payable when presented, rather than at a future date. Under a documentary collection, documents are released against payment of the sight draft.