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time draft

/taɪm dræft/

1 entry

phrase

C1formalcommonbusiness/taɪm dræft/

A financial instrument, such as a bill of exchange, that is payable at a specified future date rather than immediately upon presentation.

  • 🇷🇺Финансовый инструмент, такой как переводной вексель, подлежащий оплате в указанную будущую дату, а не немедленно по предъявлении.
  1. Deferred payment order C1 formal

    A financial instrument used in international trade where payment is due at a specified future date, not immediately upon presentation.

    • The exporter requested a time draft to allow the buyer 60 days to pay.
    • The bank accepted the time draft, guaranteeing payment at maturity.
    • Using a time draft helps manage cash flow in international transactions.

    🇷🇺Срочная тратта