An instrument that orders the drawee to pay a certain sum of money, usually to a third-party payee, is a draft .

Name: An instrument that orders the drawee to pay a certain sum of money, usually to a third-party payee, is a draft .
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A draft is a financial instrument that instructs the drawee (typically a bank or an individual) to pay a specified sum of money to a third party (the payee) or to the bearer of the instrument.

An Instrument That Orders the Drawee to Pay a Certain