term:

Draft

draft n

1 : a preliminary version of something (as a law)
2 a : a system for or act of selecting individuals from a group (as for military service)
b : the act or process of selecting an individual (as for political candidacy) without his or her expressed consent
3 : an order for the payment of money drawn by one person or bank on another see also drawee, drawer compare check

documentary draft
: a draft that will be honored only upon the presentation of certain documents (as an invoice or certificate of title)

sight draft
: a draft payable on presentation

time draft
: a draft payable a specified number of days after the date of the draft or of its presentation
vt 1 : to select for some purpose
;specif
: to conscript for military service
2 : to compose or prepare esp. the preliminary version of [ing legislation]
vi
: to practice draftsmanship
draft·er n

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.