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LSDefine

Simple English definitions for legal terms

time draft

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A quick definition of time draft:

A time draft is a written order that tells someone to pay a certain amount of money on a specific date. It's like a check, but with a set due date. There are different types of drafts, like a demand draft that can be paid right away, or a foreign draft that is paid in a different country. Drafts can also be used in the military to enlist people, or in drafting a document or selecting someone for a job.

A more thorough explanation:

Definition: A time draft is a written order signed by one person (the drawer) directing another person (the drawee or payor) to pay a certain sum of money on a specified date to a third person (the payee) or to bearer.

Example: A company in the United States sells goods to a company in Japan and sends a time draft to the Japanese company's bank. The time draft instructs the bank to pay the amount specified on a specific date to the U.S. company or to the bearer of the draft.

This example illustrates how a time draft is used in international trade to ensure payment at a future date.

Other types of drafts:

Note: A check is the most common example of a draft.

time deposit | time immemorial

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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