At Sight

AAA

DEFINITION of '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".

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
  1. Promissory Note

    A financial instrument that contains a written promise by one ...
  2. Allonge

    A sheet of paper attached to a bill of exchange for the purpose ...
  3. Check

    A written, dated and signed instrument that contains an unconditional ...
  4. Bill Of Exchange

    A non-interest-bearing written order used primarily in international ...
  5. Debt

    An amount of money borrowed by one party from another. Many corporations/individuals ...
  6. Sales And Purchase Agreement - ...

    A legal contract that obligates a buyer to buy and a seller to ...
Related Articles
  1. Asset-Backed Commercial Paper Carries ...
    Mutual Funds & ETFs

    Asset-Backed Commercial Paper Carries ...

  2. How To Read Loan And Credit Card Agreements
    Credit & Loans

    How To Read Loan And Credit Card Agreements

  3. Master The Art Of Negotiation
    Personal Finance

    Master The Art Of Negotiation

  4. Promissory Notes: Not Your Average IOU
    Personal Finance

    Promissory Notes: Not Your Average IOU

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center