draft
noun
  1. an order for money to be paid by a bank

    Example

    We asked for payment by banker's draft.

  2. a first rough plan or document which has not been finished

    Examples
    • The finance depart

    • A draft of the contract or The draft contract is waiting for the MD's comments.

    • He drew up the draft agreement on the back of an envelope.

verb

to make a first rough plan of a document

Examples
  • to draft a letter

  • to draft a contract

  • The contract is still being drafted or is still in the drafting stage.

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heads of agreement
reject
rough out
trial balance
noncash items
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