At Sight

What is 'At Sight'

At sight is 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".

BREAKING DOWN '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.

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RELATED FAQS
  1. Who uses bills of exchange?

    Find out who uses bills of exchange, why they are important in international trade and what happens when a bill is traded ... Read Answer >>
  2. Where on the Internet can I find free sample templates for a bill of exchange?

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  3. What is the difference between a bill of exchange and a bill of lading?

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  4. How can I cancel a bank draft that I have purchased?

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