Payable Through Drafts

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

You might be interested in the historical meaning of this term. Browse or search for Payable Through Drafts in Historical Law in the Encyclopedia of Law.

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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