Trading TermsResting Order Gap Transfer Response Customer Foreign Currency Account (CFCA) Surrendered bill of lading liability (SBL) Unfair calling insurance
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
Understand the meaning and definition of Resting Order in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Gap in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Transfer Response in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Customer Foreign Currency Account (CFCA) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Surrendered bill of lading liability (SBL) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Unfair calling insurance in the context of stock market, trading, and investments.
MOREExplore other categories


