demand draft
written order directing that payment be made, on sight, to a third party. The person writing the draft is called the drawee; the bank making the payment is the drawer, or the payor bank.
DEMAND DRAFT - also known as sight draft, is a draft payable on demand from the date of issue, e.g. a p...
DEMAND INDEX - An index that shows the buying and selling power of markets and stocks from mathematical...
Demand draft:
A payment order payable upon presentation.
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Demand draft
See Sight draft.
Demand elasticity
Normally the price elasticity of demand. References to other elasticities of demand, such as the income elasticity are normally explicit.
First, a banker who in the ordinary course of business pays a demand draft held under a forged indorsement is protected (§ 60).
 See also: Sight draft, Banks, Date draft, Personal finance, Ad valorem
  
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