See Also: Payable through drafts(money)
Payable through drafts(finance)
payable(dictionary)
payable(dictionary)
Dividends payable(finance)
Dividends Payable(money)
Payable date(money)
Payable date(finance)
Accounts payable(finance)
Accounts Payable(money)

Payable through drafts (money)


Definition: [crh] A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. TheDefinition: payer's bank delivers the payable through draft to the payer, which must approve it and return it to the bank before payment can be received.