(1) Financial term. Another word for a check or any written order for a payment of money. The person writing the draft is the drawer, the bank or holder of the money is the drawee, and the person named to receive the money is the payee. Also referred to as a bill of exchange. (2) This may refer to a penultimate version of a document that may be corrected or revised. (3) A … [Read more...]
DRAFT
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.