sight draft

sight draft ExamplesWord Origin noun

1. a draft payable upon presentation.

Origin of sight draft An Americanism dating back to 1840–50 Also called demand draft. Examples from the Web for sight draft Historical Examples of sight draft

A heavy deposit, subject to a sight-draft, is the only position of strength.

How to Succeed

Orison Swett Marden

We are prepared to honor a sight-draft with the Bonds attached, or to pay cash on presentation and transfer.

In Her Own Right

John Reed Scott