Draught

Draught

(or Bill of exchange) - An unconditional order in writing from one person (the drawer) to another (the drawee), directing the drawee to pay a specified amount to a named drawer at a fixed or determinable future date. See Date draft, Sight draft, Time draft.

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Part of Speech: proper noun
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Industry/Domain: Economy
Category: International trade
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draught

Transportation; Boats & ships

The vertical distance between the water line and the lowest point of the hull, determining the depth of the water in which the ship can float.

draught

Language; Dictionaries

Used for drawing vehicles, loads, etc.; as, a draught beast; draught hooks.

shoal draught

Boat; General boating

Shallow draught, making the vessel capable of sailing in unusually shallow water.

draft or draught

Boat; General boating

The depth of a ship's keel below the waterline.

draft or draught

Transportation; Nautical

the depth of a ship's keel below the waterline.

shoal draught

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shallow draught, making the vessel capable of sailing in unusually shallow water.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

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Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

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waiver

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Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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