Draft


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:

  • draft — 1 n 1: a preliminary version of something (as a law) 2 a: a system for or act of selecting individuals from a group (as for military service) b: the act or process of selecting an individual (as for political candidacy) without his or her… …   Law dictionary

  • 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

  • Draft 7.30 — Студи …   Википедия

  • 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 — [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

  • Draft — (dr[.a]ft), n. [The same word as draught. OE. draught, draht, fr. AS. dragan to draw. See {Draw}, and cf. {Draught}.] 1. The act of drawing; also, the thing drawn. Same as {Draught}. [1913 Webster] Everything available for draft burden. S. G.… …   The Collaborative International Dictionary of English