Written orders drawn by one party ordering a second party to pay a specified sum of money to a third party (who may be the first party); usually restricted to domestic transactions. For similar orders to pay used for foreign transactions, prefer "bills of exchange." ENCYBF
AAT
3000194671
12yrs ago
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The Fitzwilliam Museum (2024) "Terminology definition for: drafts (negotiable instruments)" Web page available at: https://data.fitzmuseum.cam.ac.uk/id/terminology/term-100975 Accessed: 2024-05-13 13:51:54
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