Draft

• Author: Jeffrey Lehman, Shirelle Phelps

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A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third

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A sample sight draft.

party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand or at a definite time, to order or bearer.

A tentative, provisional, or preparatory writing out of any document (as a will, contract, lease, and so on) for purposes of discussion and correction,...