DEMAND DRAFT Definition

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DEMAND DRAFT, also known as sight draft, is a draft payable on demand from the date of issue, e.g. a payroll check.

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REFINANCE is to to renew or reorganize the financing of an asset, e.g. obtaining a new mortgage loan on a property already owned. Often to replace existing loans on the property.

DISCOUNTED CASH FLOW METHOD is a budgeting method for project evaluation and selection.

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