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Home > QFINANCE Dictionary > Definition of sight draft

Definition of

sight draft


bill of exchange payable immediately a bill of exchange that is payable on delivery.

Related definitions of "sight draft"

sight draft - Related Articles
  • Exporting Against Letters of Credit

    Best Practice

    While the documents required under letters of credit may vary, most LofCs commonly call for the presentation of a draft, commercial invoices, and transport documents. The nominated bank is expected to examine these and any other specified documents with care, to be certain they appear on their face
    By Buddy Baker

  • Starting a Successful Internal Audit Function to Meet Present and Future Demands

    Best Practice

    In 1991, the US Committee of Sponsoring Organizations (COSO) published its integrated control framework exposure draft. This became its risk and control guidance for management and auditors worldwide, published in 1992.4 Its five integrated elements of “control environment,risk assessment, control
    By Jeffrey Ridley

  • Staying in the Dark about Derivatives Will Bring Economic Collapse


    You lost sight of the fact that having a reliable public memory system of recordkeeping, to store an enormous amount of factual information on how knowledge and assets are divided worldwide, is critical to economic success.
    By Hernando de Soto

  • Testing Times: Global Banking Regulation


    “The proliferation of regulatory initiatives [in 2011] made it easy to lose sight of the aims of regulatory reform,” says the International Centre for Financial Regulation (ICFR) in its 2012 outlook report. “In some cases regulatory measures seemed to be driven by populist politics rather than
    By Brian Caplen


Definitions of ’sight draft’ and meaning of ’sight draft’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’sight draft’ and other financial terms with our online QFINANCE Financial Dictionary.

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