An unconditional order issued by a person or business which directs the recipient to pay a fixed sum of money to a third party at a future date. The future date may be either fixed or negotiable. A bill of exchange must be in writing and signed and dated. also calleddraft.
Related information about bill of exchange:
- Negotiable instrument - Wikipedia, the free encyclopedia
In Italy in 13–15th centuries bill of exchange and promissory note obtain their main ... A bill of exchange or "draft" is a written order by the drawer to the drawee to ...
- bill of exchange - Legal Dictionary - The Free Dictionary
A three-party negotiable instrument in which the first party, the drawer, presents an order for the payment of a sum certain on a second party, the drawee, ...
- bill of exchange - The Free Dictionary
bill of exchange. n. pl. bills of exchange Abbr. B/E. A written order directing that a specified sum of money be paid to a specified person. bill of exchange. n ...
- Bill Of Exchange Definition | Investopedia
A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined ...
- What is bill of exchange? definition and meaning
Definition of bill of exchange: An unconditional order issued by a person or business ... A bill of exchange must be in writing and signed and dated. also calleddraft.
- What is a Bill of Exchange?
A bill of exchange is a document requiring a party listed on the bill to pay an amount of money. A very common bill of exchange is...
- Dictionary of Financial Scam Terms: Bill of Exchange
A bill of exchange is a kind of check or promissory note without interest. It is used primarily in ... If the bill of exchange is drawn on a bank, it is called a bank draft.
- Bills of Exchange - Montserrat Legislation
(1) A bill of exchange is an unconditional order in writing, addressed by one person ... to two or more drawees in succession, is not a bill of exchange. Certainty ...