Draft

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 its face. The New York Times Financial Glossary

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I. draft draft 1 [drɑːft ǁ dræft] noun [countable]
a document or piece of writing that has to be checked and possibly changed, and so is not yet in its finished form:

• This is only a rough draft of the letter.

• When can I have the first draft of your proposal?

• a draft report, which the Committee has read and considered in detail.

exˈposure ˌdraft ACCOUNTING
a document distributed by the financial which suggests a change in the accounting rules. People who are affected by the rules are asked to comment on the exposure draft before it becomes law — see also bank draft
  [m0] II. draft draft 2 verb [transitive]
to write a letter, report etc that will need to be changed before it is in its finished form:

• I'll ask our contracts department to draft an agreement.

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Ⅰ.
draft UK US /drɑːft/ US  /dræft/ noun [C]
a piece of writing such as a letter, report, or speech that may not be in its final form and may have changes made to it: »

a rough/early/preliminary draft

a first/second draft »

She asked me to check the first draft of her proposal.

»

the final/latest draft

write/produce/prepare a draft »

A draft of the constitution has been prepared for discussion.

»

The original draft of the resolution was much more strongly worded.

BANKING a written order for money to be paid by a bank, especially to another bank: »

When products are imported, they have to be paid for, often with a draft on the buyer's bank.

»

The money should be transferred by draft rather than electronically.

US TRANSPORT DRAUGHT(Cf. ↑draught)
See also BANK DRAFT(Cf. ↑bank draft), BANKER'S DRAFT(Cf. ↑banker's draft), EXPOSURE DRAFT(Cf. ↑exposure draft), SIGHT DRAFT(Cf. ↑sight draft)
Ⅱ.
draft UK US /drɑːft/ US  /dræft/ verb [T]
to write something such as a letter, speech, or report in a form that may have changes made to it: »

draft a proposal/plan/report

»

draft a letter/speech

»

draft a bill/law/constitution

Ⅲ.
draft UK US /drɑːft/ US  /dræft/ adjective [before noun]
a draft plan, document, etc. is not in its final form, and may have changes made to it: »

a draft plan/bill/proposal

»

draft legislation/regulations


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

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  • Draft — Saltar a navegación, búsqueda Un draft es un proceso utilizado en los Estados Unidos, Canadá, y Australia para poder asignar determinados jugadores a equipos deportivos. En un draft, los equipos se turnan la selección de un grupo de jugadores… …   Wikipedia Español

  • Draft — Draft, a. 1. Pertaining to, or used for, drawing or pulling (as vehicles, loads, etc.). Same as {Draught}; as, a draft horse. [1913 Webster] 2. Relating to, or characterized by, a draft, or current of air. Same as {Draught}. [1913 Webster] Note:… …   The Collaborative International Dictionary of English

  • Draft ox — Draft Draft, a. 1. Pertaining to, or used for, drawing or pulling (as vehicles, loads, etc.). Same as {Draught}; as, a draft horse. [1913 Webster] 2. Relating to, or characterized by, a draft, or current of air. Same as {Draught}. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Draft 7.30 — Studio album by Autechre Released 7 April 2003 …   Wikipedia

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  • draft — draft·able; draft; draft·ee; draft·er; draft·i·ly; draft·i·ness; draft·man; in·draft; re·draft; draft·man·ship; …   English syllables

  • Draft — (Spinning) See Drawing (Spinning) DRAFT (Weaving) The order of drawing in the warp threads through the eyes of the healds for weaving. The general principle is that those threads that work alike are drawn on the same stave. To avoid crowding the… …   Dictionary of the English textile terms

  • draft — [n1] something formulated; plan abstract, blueprint, delineation, outline, preliminary form, rough sketch, version; concepts 271,660 draft [n2] check for paying money bank draft, bill, bond, cheque, coupon, debenture, IOU, letter of credit, money …   New thesaurus

  • draft — [draft, dräft] n. [ME draught, a drawing, pulling, stroke < base of OE dragan, DRAW] 1. a) a drawing or pulling, as of a vehicle or load b) the thing, quantity, or load pulled 2. a) a drawing in of a fish net …   English World dictionary

  • draft — /draft / (say drahft) noun 1. Also, draught. a drawing, sketch, or design. 2. Also, draught. a first or preliminary form of any writing, subject to revision and copying. 3. Also, draught. the act of drawing; delineation. 4. US the taking of… …   Australian English dictionary

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