At Sight

What Does At Sight Mean?
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".

Investopedia explains At Sight
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.

Related Terms

Allonge
Bill of Exchange
Check
Debt
Promissory Note
Sales And Purchase Agreement - SPA
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