BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A financial instrument demanding payment at a future fixed rate, or at a specified period of time after sight (30, 60, 90 day etc.), or after the date of issue. Also called usance draft.

Detailed explanation-2: -A time draft is a type of payment document whereby a buyer accepts shipped goods and agrees to pay the seller at a specified future date. It is a type of short-term credit used to finance international transactions. A time draft is also a guaranteed payment to the seller by an issuing bank.

Detailed explanation-3: -Payable-through-draft is a method to issue a payment via a specific bank. These instruments draw money from the account of the issuing corporation and use them to pay bills. Insurance companies frequently use a payable-through-draft mechanism to pay claims.

Detailed explanation-4: -A time draft allows the importer (or buyer) time to pay for the goods received from the exporter (or seller). With a sight draft, however, once the importer accepts the documents and everything appears in order, the sight draft requires immediate payment from the buyer to the seller.

Detailed explanation-5: -A draft that matures for a specified number of days after issuance, without regard to the date of acceptance.