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TeachMeFinance.com - explain draft draft 'draft' is an military term meaning '(DOD) 1. The conscription of qualified citizens in military service. See also active duty; Military Service'. Previous 5 Terms: double flow route downgrade downloading_ dp _ dpi- Next 5 Terms: draft draft plan drift_ drill mine _ drop altitude- Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.