draft

  • An order directing the payment of money subject to approval by the payor when presented for payment. Most often used for payment of insurance losses.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).