Trading TermsRectangle Commission agent Adaptive Filter Buy and Hold Debt Market Document of title
Draft
A draft, commonly known as a bill of exchange, is an unconditional written order, signed by the drawer (usually the buyer) and addressed to the drawee (typically a bank), instructing the drawee to pay a specified amount to the payee (often the seller). There are two types of drafts: order drafts, which are payable to a specific person, and bearer drafts, which are payable to whoever holds the draft. The most common types of drafts are sight drafts, which are payable upon presentation, and time drafts, which are payable on a future fixed or determinable date.
Related terms
Understand the meaning and definition of Rectangle in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Commission agent in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Adaptive Filter in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Buy and Hold in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Debt Market in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Document of title in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
