What is the definition of Payable through draft (ptd)? | Dictionary.net

PAYABLE THROUGH DRAFT (PTD)

\pˈe͡ɪəbə͡l θɹuː dɹˈaft pˌiːtˌiːdˈiː], \pˈe‍ɪəbə‍l θɹuː dɹˈaft pˌiːtˌiːdˈiː], \p_ˈeɪ_ə_b_əl θ_ɹ_uː d_ɹ_ˈa_f_t__ p_ˌiː_t_ˌiː_d_ˈiː]\

Definitions of PAYABLE THROUGH DRAFT (PTD)

1910 - Black's Law Dictionary (2nd edition)

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Used in place of a standard check, this is an instrument of payment that is given to the payee, allowing him to gain more control over the disbursement process of his financies.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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