Simple English definitions for legal terms
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A foreign draft is a written order signed by one person, directing another person to pay a certain amount of money to a third person or to bearer. It is similar to a check, but it is payable in a different country or state.
For example, if a person in the United States wants to pay someone in Canada, they can use a foreign draft to transfer the money. The person would go to their bank and request a foreign draft for the amount they want to send. The bank would then send the draft to a bank in Canada, and the recipient can cash it at their bank.
Foreign drafts are also known as foreign bills of exchange or international bills of exchange.