draft noun Definition in Cambridge Business English Dictionary
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Definition of "draft" - Business English Dictionary

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draft

noun [C]
 
 
/drɑːft/ US   /dræft/
a piece of writing such as a letter, report, or speech that may not be in its final form and may have changes made to it: a rough/early/preliminary drafta first/second draft She asked me to check the first draft of her proposal. the final/latest draftwrite/produce/prepare a draft A draft of the constitution has been prepared for discussion. The original draft of the resolution was much more strongly worded.
BANKING a written order for money to be paid by a bank, especially to another bank: When products are imported, they have to be paid for, often with a draft on the buyer's bank. The money should be transferred by draft rather than electronically.
US TRANSPORT →  draught
→  See also bank draft , banker's draft , exposure draft , sight draft
(Definition of draft noun from the Cambridge Business English Dictionary © Cambridge University Press)
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