Time draft

time draft
(bill of exchange) payable to a third party on aspecified or determinable future date, as opposed to a draft sight draft A banker's acceptance is an example of a time draft.
Dictionary of Business Terms ...

Time Draft
A draft so drawn as to mature at a certain fixed time after presentation or acceptance.
Tender ...

time draft A draft on which payment is to be made at some future date.
time series A series of observations made over a period of time.
time value A component of the market value of an option.

Time Draft - A draft payable at a fixed or determinable future point in time.
Title - The paper or other legal evidence of ownership rights to real or personal property.

Time draft
Demand for payment at a stated future date.
Time premium ...

Time draft:
A draft calling for payment at a later period than the delivery of the goods or services. Compare with Date Draft, Sight Draft.
Français: Traite à terme
Español: Letra de cambio a plazo ...

TIME DRAFT
A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft.
TRAMP STEAMER ...

Time Draft
This term relates to a draft that is collectible at a particular future date.
Time Note ...

A time draft that has been accepted for payment. See banker's acceptance.
accessions ...

See: Time Draft
Usance Letter of Credit
A letter of credit payable at a determined future date after presentation of conforming documents.
Unseasoned issue ...

Includes 90-day time drafts that have been drawn on a bank by a customer and that bear the bank's promise to pay them at maturity.

A time draft honored by a bank, known as a Banker's Acceptance. It is used primarily in financing international trade, for example, an overseas manufacturer selling goods to an importer, although a domestic acceptance is not uncommon.

Usance Draft
See: Time Draft
Usance Letter of Credit
A letter of credit payable at a determined future date after presentation of conforming documents.

Dictionary Term
time draft
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[FACS] acceptance A time draft (bill of exchange or usance draft) drawn by one party and acknowledged by a second party.

", acceptance "The contractual agreement entered into when the drawee of a time draft writes... accidental death benefit The value paid to the beneficiary of a life insurance policy IN ADDITION to...

This service is usually transacted by the seller's bank through the buyer's bank, with the latter presenting the shipping documents to the buyer in exchange for payment or for signing a promissory note like instrument called a time draft.

Time draft Demand for payment at a stated future date. Time horizon The period, usually expressed in years, for which an investor expects to hold an investment. Time to maturity The time remaining until a financial contract expires.

Time draft Demand for payment at a stated future date. Time order Used in the context of general equities. Order which becomes a market or limited price order or is cancelled at a specific time.

A sight draft is payable immediately on presentation to the drawee; a time draft is payable at a fixed date in the future. A draft is sometimes known as a bill of exchange.

A time draft (or bill of exchange) which the drawee has accepted and is unconditionally obligated to pay at maturity.

A contractual agreement on a time draft or sight draft to pay the amount due at a specified date. The party who is expected to pay the draft writes "accepted", or similar wording indicating acceptance, next to his or her signature along with the date.

Negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified.

Banker's Acceptance. A time draft (note) drawn on and accepted by a bank. This instrument is usually used for financing import-export transactions and generally financing international trade. Payment of the note is guaranteed by the bank.

A bank which by signing 'accepted' on a time draft accepts responsibility to pay when the draft becomes due.
Acceptor
The party that signs 'accepted' on a draft or obligation, agreeing to pay the stated sum at maturity.

Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance.

BANKERS ACCEPTANCE - Bankers acceptances are negotiable time drafts, or bills of exchange, that have be...
BANKERS ACCEPTANCES - Are money market instruments which are used to finance import or export transacti...

Banker's Acceptance - A time draft drawn on and accepted by a commercial bank.
Banker's Draft - A payment instrument used to make international payments.

Bank Endorsement - An endorsement by a bank for a negotiable instrument, such as a banker's acceptance or time draft, that assures the counterparty that the bank will stand behind the obligations of the creator of the instrument.

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 ...

See also: Banks, Bills, Expense, Letter of credit, Saving