An agreement to pay money at "sight" (which means upon presentation) of the following format: the drawer, the person who completes the draft, and signs the draft. The drawer must pay the draft in the event that the drawee does not accept (sign and then pay) the draft.
This is a standard form of negotiable sight draft, for payment in U.S. dollars. Use the foreign bill of exchange for amounts to be paid in foreign currency.
NEGOTIABLE SIGHT DRAFT
At sight, pay to the order of [Name] PAYEE, $------ (dollars), and charge the sum paid to the account of [Name]. DRAWER.
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