A(n)______________ requires immediate payment by the drawee to the payee.

Question

Quizplus · Accepted Answer

A sight draft is a type of draft that requires immediate payment by the drawee to the payee. The drawee is the person or entity that is being asked to make the payment, while the payee is the person or entity that is receiving the payment. This type of draft is often used in international trade transactions, where the buyer may want to ensure that the seller is paid before the goods are shipped.

A(n)______________ Requires Immediate Payment by the Drawee to the Payee