Word: draft
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...matter that caused Mayor Walker embarrassment was the $10,000 letter of credit he and his friends got for a European junket in 1927. Governor Roosevelt: You had an overdraft in Paris for $3,000 drawn by you on the Equitable Trust Co.? Mayor Walker: It was really a draft by Senator Downing [Walker friend] in my name. Governor: In effect it was a promise to pay $3,000 on your part? Mayor: Well, technically yes. Governor: You had no account there? Mayor: I had no account there. Governor: In other words this is a check on a bank...
Many a shareholder last week happily cashing a July 1 dividend check was in reality cashing a dividend draft. A check is an order for a bank to pay a certain sum of money. A draft is a corporation's order upon itself, designating the place of payment. The payment can be at the corporation's own office or, more often, at a bank which is in reality acting as the corporation's agent. Because of this differentiation corporations with large payrolls and many shareholders have found a neat legal loophole through the new 2¢ check...
Easy-going, the People's Party and King Prajadhipok took their time about getting ready to draft a constitution which will probably leave His Majesty with vastly greater powers than are possessed by King George...
...picture of Christ on the Cross wearing a gas mask and Wellington boots (an illustration for the novel, Schweik the Good Soldier) got him and his publisher convicted of blasphemy in 1928. When Grosz explained he had meant only that Christ might have been conscripted in the German draft, they were acquitted...
...stanch Republican, he had refused to sign a draft order permitting soldiers & sailors dismissed for anti-Republican leanings to return to the service. "Never will I sign!" roared Admiral Becerqueira...