Payable Through Drafts

Payable Through Drafts
Payment method used when transactions are carried out by company personnel based in non- central locations. The bank of the firm making payment presents a draft to the firm for approval. Once approval is received the firm returns the draft to the bank and payment is made.

Random Finance Terms for the Letter P

  • Passive Portfolio Strategy
  • Pass-Through Rate
  • Pass-Through Securities
  • Pass-Through Coupon Rate
  • Passive Investment Strategy
  • Passive Investment Management
  • Passive Portfolio
  • Path Dependent Option
  • Payable Through Drafts
  • Payables