Skip to main content
Trading Terms

Usance draft (usance bill)

A time draft is a type of financial document that requires payment at a predetermined future date. It is essentially a written request for payment that is not due immediately, but rather at a specified time in the future. This is a common tool used in the world of finance, particularly in international trade, as it allows for more flexibility in payment terms. As a knowledgeable professor in finance, I encourage my students to understand the nuances of time drafts and their role in the global economy.

Related terms

Spring

Understand the meaning and definition of Spring in the context of stock market, trading, and investments.

MORE
Exit

Understand the meaning and definition of Exit in the context of stock market, trading, and investments.

MORE
Profit Taking

Understand the meaning and definition of Profit Taking in the context of stock market, trading, and investments.

MORE
Due date

Understand the meaning and definition of Due date in the context of stock market, trading, and investments.

MORE
Forfaiting

Understand the meaning and definition of Forfaiting in the context of stock market, trading, and investments.

MORE
Capital Market

Understand the meaning and definition of Capital Market in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store