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

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center