Assertion: draft | /r/HasProperty | payable
Facets:
value: on demand
type: MANNER
value: to the bearer
type: TRANSITIVE-OBJECT
value: to a designated payee
type: TRANSITIVE-OBJECT
value: to a named person
type: TRANSITIVE-OBJECT
value: to his order
type: OTHER
Source sentences:
text: A draft, also called a bill of exchange, may be payable to a named person or his order (order draft), or to bearer (bearer draft).
text: A draft that is payable on demand is called a sight draft because the drawee must comply with its terms of payment when it is presented, in his or her sight or presence, by the payee.
text: A draft may be payable to a designated payee or to the bearer—the person who has possession of the draft at the time it is presented to the drawee for payment—pursuant to the drawer's directions.
text: The drafts are payable on demand.