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LSDefine

Simple English definitions for legal terms

trade draft

Read a random definition: regular use

A quick definition of trade draft:

A trade draft is a written order that instructs a business or its representative to pay a certain amount of money to a third party. It is similar to a check that you write to pay for something. There are different types of drafts, such as a sight draft that can be paid on demand or a time draft that has a specific payment date. The term "draft" can also refer to the compulsory enlistment of people into military service or an initial version of a document.

A more thorough explanation:

A trade draft is a written order signed by one person, instructing a commercial enterprise or its agent to pay a certain amount of money to a third person or to bearer. It is a type of draft that is used in commercial transactions.

For example, if a company purchases goods from another company, they may use a trade draft to pay for the goods. The trade draft would instruct the company's bank to pay the amount specified to the seller or the seller's bank.

Other types of drafts include:

Overall, a trade draft is a type of financial instrument that is used in commercial transactions to facilitate the payment of goods or services.

trade dollar | trade embargo

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babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
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im allergic to baby cats >:(
JumpySubsequentDolphin
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I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
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New Father John Misty album out today
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People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
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i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
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