Financial Definition of Payable Through Drafts
Meaning of Payable Through Drafts
A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer’s bank delivers the payable through draft to the payer, which must approve it and return it to the bank before payment can be received.
Related Entries of Payable Through Drafts in the Encyclopedia of Law Project
Browse or run a search for Payable Through Drafts in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Payable Through Drafts in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Payable Through Drafts in the Legal Abbreviations and Acronyms Dictionary.
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Payable Through Drafts in the Dictionary | Payable Through Drafts in our legal dictionaries |
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Related topics | Payable Through Drafts in the World Encyclopedia of Law |
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