What is another word for sight draft?
Pronunciation: [sˈa͡ɪt dɹˈaft] (IPA) 
A sight draft is a type of financial instrument that allows a seller to receive payment immediately upon presentation to the buyer's bank. It is often used in international trade and shipping transactions. There are several synonyms for the term sight draft, including demand draft, payment order, cashier's check, and banker's cheque. These terms all refer to financial instruments that are payable on demand, meaning the seller can receive payment immediately upon presenting the draft to the buyer's bank. Synonyms for sight draft are useful to know for international trade and business transactions to ensure smooth payment processes.
