At Sight

At Sight
A payment due on demand. An at sight payment will require the party receiving the good or service to pay a certain sum immediately upon being presented with the bill of exchange.

Also known as a "sight draft" or a "sight bill".

This term is used most often in legal contracts to describe when payment is to be made. A seller might place an at-sight clause in a contract to demand full payment at sight. A seller might enforce this if the buyer has missed payments in the past, and is deemed to have a higher risk of default.


Investment dictionary. . 2012.

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  • Sight draft — Sight Sight (s[imac]t), n. [OE. sight, si[thorn]t, siht, AS. siht, gesiht, gesih[eth], gesieh[eth], gesyh[eth]; akin to D. gezicht, G. sicht, gesicht, Dan. sigte, Sw. sigt, from the root of E. see. See {See}, v. t.] 1. The act of seeing;… …   The Collaborative International Dictionary of English

  • sight — ► NOUN 1) the faculty or power of seeing. 2) the action or fact of seeing someone or something. 3) the area or distance within which someone can see or something can be seen. 4) a thing that one sees or that can be seen. 5) (sights) places of… …   English terms dictionary

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  • sight — [saɪt] noun 1. at sight BANKING FINANCE words written on a bill of exchange or promissory note to show that it must be paid as soon as it is shown to the acceptor …   Financial and business terms

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