A draft that is payable when it is presented to the drawee. Compare 'Date Draft' and 'Time Draft'
BBC Pharmaceutical Services Ltd., Glossary of terms, The Royal Bank of Scotland plc., Edinburgh, UK 2012. http://www.bbcpharma.com/wp-content/uploads/2012/0 6/IBS_Glossary_Links.pdf, (Mrtm/ Int Biz and Banking - Brit) {541}