Definition of After Sight

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TeachMeFinance.com



After Sight -- A notation on a draft that indicates that payment is due a stated number of days after the draft has been presented to the drawee.

historic definition...

After sight -- As applied to a bill of exchange (draft) this term means after acceptance by the drawee (the one who is to pay the bill). Thus, sixty days after sight means that the bill is to be paid sixty days after the date of acceptance.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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