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Drafts (negotiable instruments)

Scope note

Written orders drawn by one party ordering a second party to pay a specified sum of money to a third party (who may be the first party); usually restricted to domestic transactions. For similar orders to pay used for foreign transactions, prefer "bills of exchange." ENCYBF

Term type

AAT

Getty AAT term number

3000194671

Broader Terms used

<orders to pay>

Term used for

bank drafts
drafts, bank

Equivalent Terms used

draft (negotiable instrument)

Created

13yrs ago

Citation for print

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The Fitzwilliam Museum (2024) "Terminology definition for: drafts (negotiable instruments)" Web page available at: https://collection.beta.fitz.ms/id/terminology/term-100975 Accessed: 2024-12-23 10:40:31

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{{cite web|url=https://collection.beta.fitz.ms/id/terminology/term-100975|title=Terminology definition for: drafts (negotiable instruments)|author=The Fitzwilliam Museum|accessdate=2024-12-23 10:40:31|publisher=The University of Cambridge}}

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