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Definition Of At Sight:


Apayment due on demand.
An at sight payment will require the party receiving the good or service to pay a certain sum immediately upon beingpresentedwiththe bill of exchange. Also known as a "sight draft" or a "sight bill".This term is used most often in legal contracts to describe when payment is to be made. Aseller mightplacean at-sight clause in a contracttodemand 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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