Sight Bill (Noun)
Meaning
A draft payable on presentation.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank accepted the sight bill from the customer, which ensured immediate payment upon presentation.
- A sight bill is essentially a check or a demand invoice that must be paid upon immediate presentation to the drawee.
- When the supplier shipped the goods, they sent a sight bill to the buyer, which required immediate payment.
- The exporter issued a sight bill to the importer as payment for the goods had to be made as soon as the bill was presented.
- The company presented a sight bill to the buyer, which the buyer was required to settle on the same day.