time draft

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Definitions from WordNet

Noun time draft has 1 sense

time draft, time bill - a draft payable at a specified future date
--₁ is a kind of draft, bill of exchange, order of payment

Definitions from the Web

Time Draft

Definition:

A time draft is a type of document in international trade that represents an unconditional order by the exporter to the importer to pay a certain amount of money after a specified period of time.

Parts of Speech:

Noun

Senses:

1. Financial Sense: Referring to a type of document in international trade.

Usage Examples:

1. Financial Usage:

The exporter sent a time draft to the importer, specifying the payment to be made after 60 days.
Upon receiving the time draft, the importer reviewed the terms and conditions before accepting it.

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