TERMIUM Plus®

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

TERM DRAFT [2 records]

Record 1 2016-03-08

English

Subject field(s)
  • Banking
  • Financial Institutions
DEF

The specification of the terms by which a collection order or draft will be honoured.

OBS

draft terms: term and definition standardized by the International Organization for Standardization (ISO) in 1993.

Key term(s)
  • draft term

French

Domaine(s)
  • Banque
  • Institutions financières
DEF

Spécification des termes par lesquels un ordre de recouvrement ou un effet sera honoré.

OBS

modalités de l'effet : terme et définition normalisés par l'Organisation internationale de normalisation (ISO) en 1993.

Key term(s)
  • modalité de l'effet

Spanish

Save record 1

Record 2 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

Save record 2

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