Related to bill of exchange:bill of lading,letter of credit,promissory note bill of exchange n.pl.bills of exchange A written order requiring one person to pay another person a specified sum of money at a specified time or on demand; a draft. ...
(pl. bills of exchange) (business)a written order to pay a sum of money to a particular person on a particular date Questions about grammar and vocabulary? Find the answers with Practical English Usage online, your indispensable guide to problems in English.See bill of exchange in the ...
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Definition of bill of exchange bill of exchange Note: In some parts of the United States, notably in the Southern States, raise in also commonly applied to the rearing or bringing up of children. I was raised, as they say in Virginia, among the mountains of the North. --Paulding. (d)...
A bill of exchange is a written order binding one party to pay a fixed sum of money to another party on demand or at a predetermined date.
Definition of bill of exchange noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Understand what a bill of exchange is by learning the bill of exchange definition. Learn how a bill of exchange is used through a bill of exchange...
A bill of exchange can be drawn between two or three parties. Drawee:the party required to pay the money Drawer:the maker of the bill of exchange Payee:the party that receives the money Why is there a distinction between the party making the bill of exchange and the party receiving the ...
A bill of exchange is a type of contract between a buyer and seller (or importer and exporter). While they are not exclusive to international trade, they are certainly more commonly seen in exchanges of goods between countries. This is due to the added risk that comes with international trad...
Bill of Exchange, can be understood as a written negotiable instrument, that carries an unconditional order to pay a specified sum of money to a designated person or to the holder of the instrument, as directed in the instrument by the maker.