draft

draft
draft 1 n
1: a preliminary version of something (as a law)
2 a: a system for or act of selecting individuals from a group (as for military service)
b: the act or process of selecting an individual (as for political candidacy) without his or her expressed consent
3: an order for the payment of money drawn by one person or bank on another see also drawee, drawer compare check
documentary draft: a draft that will be honored only upon the presentation of certain documents (as an invoice or certificate of title)
sight draft: a draft payable on presentation
time draft: a draft payable a specified number of days after the date of the draft or of its presentation
draft 2 vt
1: to select for some purpose; specif: to conscript for military service
2: to compose or prepare esp. the preliminary version of
draft ing legislation
vi: to practice draftsmanship
draft·er n

Merriam-Webster’s Dictionary of Law. . 1996.

draft
I noun acceptance bill, bank check, bank note, bank paper, bill, bill of exchange, cashier's check, check, commercial paper, debenture, letter of credit, lettre de change, money order, negotiable instrument, negotiable paper, note, order, order for payment, promissory note, voucher, warrant associated concepts: bill of exchange, check, overdraft, sight draft II index bill (proposed act), blueprint, check (instrument), coerce, compose, conceive (invent), contrive, delineate, design (construction plan), direction (course), enroll, formulate, frame (construct), frame (formulate), instrument (document), invent (produce for the first time), make, nominate, note (written promise to pay), originate, pattern, plan, program (noun), program (verb), proposal (suggestion), recruit, require (compel), select

Burton's Legal Thesaurus. . 2006


draft
n.
(1) A document in which the writer directs someone, usually a bank, to pay a specific amount of money to a third party;
see also bank draft
(2) A preliminary or preparatory version of a document.
(3) Compulsory induction into the military;
see also conscription, Selective Service System
v.
(1) To write a rough or preliminary version of a document.
(2) To select people for compulsory military service.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


draft
1) A written order for the payment of money, such as a check. The person who writes the draft is called the drawer, the person who holds the money — for example, the bank — is called the drawee, and the person who ultimately receives the money is called the payee. After receiving the draft, the payee can demand payment at any time unless the draft specifies a particular time for payment. Also called a bill of exchange.
2) A preliminary version of a written document, such as a law or a legal brief, that is ready for revision or correction.
3) To select for some purpose, such as military service.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


draft
n. A written order for the payment of a specified sum of money to a certain individual or to the bearer (for example, a check). A draft may involve three parties: the drawer, who writes or creates it, the drawee, who has custody of the funds to be paid (for example, a bank), and the payee, who will receive the funds.
@ sight draft
Italian A draft payable upon receipt.
=>> draft.
@ time draft
Italian A draft payable as of a certain date.
=>> draft.
@

Webster's New World Law Dictionary. . 2000.


draft
A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand or at a definite time, to order or bearer.
A tentative, provisional, or preparatory writing out of any document (as a will, contract, lease, and so on) for purposes of discussion and correction, which is afterward to be prepared in its final form.
Compulsory conscription of persons into military service.
Also, a small arbitrary deduction or allowance made to a merchant or importer, in the case of goods sold by weight or taxable by weight, to cover possible loss of weight in handling or from differences in scales.

Dictionary from West's Encyclopedia of American Law. 2005.


draft
A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand or at a definite time, to order or bearer.
 
A tentative, provisional, or preparatory writing out of any document (as a will, contract, lease, and so on) for purposes of discussion and correction, which is afterward to be prepared in its final form.
 
Compulsory conscription of persons into military service.
 
Also, a small arbitrary deduction or allowance made to a merchant or importer, in the case of goods sold by weight or taxable by weight, to cover possible loss of weight in handling or from differences in scales.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

draft
   1) n. a bill of exchange or check in which one party (including a bank) is directed by the party drafting (writing) the bill or check to take money from the drafter's (writer's) bank account and pay it to another person or entity.
   2) v. to prepare and sign a bill of exchange or check.
   3) n. a less than final document, which is ready for discussion, rewriting and/or editing, such as a book, a proposal, or a legislative bill.
   4) n. compulsory enrollment of non-volunteers for military service by lottery, as existed under the Selective Service System during World War I, from 1940 as World War II threatened to involve the United States, through the Korean and Vietnam conflicts until 1973. Since 1980 all men are required to register at 18, but there is no draft or call-ups.
   See also: bill of exchange, check

Law dictionary. . 2013.

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