Sight: Difference between revisions
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imported>Doug Williamson (Add sight deposits to definitions.) |
imported>Doug Williamson m (Link with Usance letter of credit page.) |
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* [[Sight draft]] | * [[Sight draft]] | ||
* [[Time draft]] | * [[Time draft]] | ||
* [[Usance letter of credit]] | |||
Revision as of 15:23, 1 May 2018
1.
An item that demands payment immediately, ‘at sight’.
For example, a sight letter of credit is one which is payable immediately.
2.
An item entitled to immediate repayment, at the descretion of the beneficiary, for example a sight deposit.
