draft / draught are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
draft: (noun) a document ordering the payment of money; drawn by one person or bank on another. (noun) a current of air (usually coming into a chimney or room or vehicle). (noun) a preliminary sketch of a design or picture. (noun) a serving of drink (usually alcoholic) drawn from a keg. (noun) any of the various versions in the development of a written work. (noun) the depth of a vessel's keel below the surface (especially when loaded). (noun) a regulator for controlling the flow of air in a fireplace. (noun) a dose of liquid medicine. (noun) the act of moving a load by drawing or pulling. (verb) draw up an outline or sketch for something.
draught: NA
draft: d·r·AE·f·t
draught: d·r·AE·f·t
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)