TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

term draft [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2002-07-16

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
  • Loans
CONT

Letters of credit, sight drafts and term drafts are the usual methods of payments. Terms are generally on a 30-, 60- or 90-day basis, although extensions are possible.

CONT

Under collection terms, the exporter is required to finance the shipment until the importer receives the goods (sight draft) and sometimes longer (term draft).

French

Domaine(s)
  • Effets de commerce (Droit)
  • Prêts et emprunts
CONT

Selon les conditions de recouvrement, l'exportateur est tenu de financer l'expédition jusqu'à ce que l'importateur reçoive les marchandises (traite à vue) et, parfois, pour une période plus longue (traite à terme).

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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