Drafts
/ˈdræfts/
Definitions
- (n.) Preliminary versions of a legal document prepared for review and revision before finalization.
The attorney circulated several drafts of the contract to ensure accuracy before signing.
- (n.) Written orders directing a bank to pay a specified sum, such as bills of exchange or checks.
The company issued drafts to settle its debts with overseas suppliers.
Forms
- draft
Related terms
See also
Commentary
In legal drafting, "drafts" often refer to preliminary versions of documents, necessitating careful revision; in commercial law, "drafts" also denote negotiable instruments like bills of exchange.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.