foreign draft Synonyms
No Synonyms and anytonyms found
foreign draft Meaning
Wordnet
foreign draft (n)
a bill of exchange that is drawn in one country and made payable in another
foreign draft Sentence Examples
- The company issued a foreign draft payable in Euros to its supplier in France.
- The foreign draft must be presented for payment within the stipulated time frame.
- The bank refused to honor the foreign draft due to insufficient funds in the drawer's account.
- The exporter requested a foreign draft as a payment instrument for goods shipped overseas.
- The importer was instructed to remit the foreign draft amount within 30 days of receiving the shipping documents.
- The foreign draft exchange rate is subject to fluctuation and may impact the payable amount.
- The foreign draft is an important financial instrument used in international trade transactions.
- The drawer of the foreign draft is responsible for ensuring the availability of funds for payment.
- Foreign drafts are typically used when a certain level of trust exists between the parties involved.
- The maturity date of the foreign draft indicates when the payment is due.
FAQs About the word foreign draft
a bill of exchange that is drawn in one country and made payable in another
No synonyms found.
No antonyms found.
The company issued a foreign draft payable in Euros to its supplier in France.
The foreign draft must be presented for payment within the stipulated time frame.
The bank refused to honor the foreign draft due to insufficient funds in the drawer's account.
The exporter requested a foreign draft as a payment instrument for goods shipped overseas.
