bill of exchange
bill of exchange (phr)
English Definitions:
draft, bill of exchange, order of payment (noun)
a document ordering the payment of money; drawn by one person or bank on another
bill of exchange (Noun)
A document demanding payment from another party, especially used in international trade.
bill of exchange
A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand or at a future date. The term has different meanings depending on the use of the term as it is used in the application of different laws, and depending in which country and context it is used.
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"bill of exchange." Kamus.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.kamus.net/english/bill+of+exchange>.
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