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Simple English definitions for legal terms

sight draft

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A quick definition of sight draft:

A sight draft is a written order that tells someone to pay a certain amount of money to another person. It can be used like a check and is payable on demand or when presented to the person who wrote it. It's like asking someone to give you money right away.

A more thorough explanation:

Definition: A sight draft is an unconditional written order signed by one person (the drawer) directing another person (the drawee or payor) to pay a certain sum of money on demand or at a definite time to a third person (the payee) or to bearer. It is payable on the bearer's demand or on proper presentment to the drawer.

Example: A check is the most common example of a sight draft. When you write a check, you are directing your bank to pay a certain amount of money to the person or company you are paying. The check is payable on demand, which means the person or company can cash it right away.

Explanation: A sight draft is a type of financial instrument that allows for immediate payment upon presentation. It is commonly used in business transactions, such as when a company needs to pay a supplier for goods or services. The supplier can present a sight draft to the company, which must pay the amount specified on the draft. This ensures that the supplier receives payment quickly and efficiently.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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