Drafts (Negotiable instruments)

Scope Note: AAT: Written orders drawn by one party ordering a second party to pay a specified sum of money to a third party (who may be the first party); usually restricted to domestic transactions. For similar orders to pay used for foreign transactions, prefer "bills of exchange." LCSH: "Drafts" Here are entered works dealing in general with orders for the payment of money drawn by one party on another, and including non-negotiable instruments such as postal money-orders, cashier’s checks, "Anweisungen," etc. Works on bills of exchange both foreign and domestic are entered under the heading: Bills of exchange.