Draft

Business, Legal & Accounting Glossary

Definition: Draft




What is the dictionary definition of Draft?

Dictionary Definition


  1. n. a bill of exchange or check in which one party (including a bank) is directed by the party drafting (writing) the bill or check to take money from the drafter’s (writer’s) bank account and pay it to another person or entity.
  2. v. to prepare and sign a bill of exchange or check.
  3. n. a less than final document, which is ready for discussion, rewriting and/or editing, such as a book, a proposal, or a legislative bill.
  4. n. compulsory enrollment of non-volunteers for military service by lottery, as existed under the Selective Service System during World War I, from 1940 as World War II threatened to involve the United States, through the Korean and Vietnam conflicts until 1973. Since 1980 all men are required to register at 18, but there is no draft or call-ups.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/draft/
Modern Language Association (MLA):
Draft. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/draft/.
Chicago Manual of Style (CMS):
Draft. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/draft/ (accessed: September 26, 2021).
American Psychological Association (APA):
Draft. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/draft/

Definition Sources


Definitions for Draft are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 1 Views.