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Investing Glossary:
Draft
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| An unconventional Order in writing-signed by a person, usually the exporter, and addressed to the importer-ordering the importer or the importer`s Agent to pay, on Demand (sight draft) or at a fixed Future date (time draft) the amount specified On the face of the draft.
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