A more thorough explanation:

Definition: Sight refers to a drawee's acceptance of a draft that is payable after acceptance. The term "after sight" means that the payment is due after the drawee accepts the draft.

Example: If a company issues a draft to another company for payment after sight, it means that the payment is due after the second company accepts the draft. For instance, if Company A issues a draft to Company B for $1000 payable after sight, Company B will have to accept the draft before the payment is due.

Explanation: The example illustrates how sight works in the context of a business transaction. The drawee (Company B) has to accept the draft before the payment is due. This means that Company A can be sure that Company B has agreed to pay the amount specified in the draft before making the payment.