Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• SIGHT DRAFT
  
  a customer's order to a financial institution holding the customer's funds to pay all or part of them to another institution in which the customer has another account. The draft is payable upon delivery to the first institution, or "upon sight." Also called a customer draft.
  
  Back