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bill of exchange::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | draft, order of payment |
| Type of | negotiable instrument |
| Has types | bank check, bank draft, banker's acceptance, banker's draft, check, cheque, dividend warrant, foreign bill, foreign draft, inland bill, money order, overdraft, postal order, redraft, sight bill, sight draft, time bill, time draft, acceptance, trade acceptance |
Examples of bill of exchange
bill of exchange
Any deficiency would reduce the amount to be paid on the bill of exchange.
From the en.wikipedia.org
A bill of exchange requires in its inception three parties-the drawer, the drawee, and the payee.
From the en.wikipedia.org
A bill of exchange is essentially an order made by one person to another to pay money to a third person.
From the en.wikipedia.org
In the meantime the bill of exchange holder could trade the note at a discount, and the notes circulated as money.
From the en.wikipedia.org
So, there are just three types of negotiable instruments such as promissory note, bill of exchange and cheque.
From the en.wikipedia.org
On Monday, Samuel Sydney Smith, aged 32, agent, was indicted for feloniously forging and uttering a bill of exchange for 150l.
From the economist.com
A deposit could be made with a banker in one town, in turn a bill of exchange was handed out, that could be redeemed in another town.
From the en.wikipedia.org
Goods were supplied to a buyer against a bill of exchange, which constituted the buyer's promise to make payment at some specified future date.
From the en.wikipedia.org
A bill of exchange may be endorsed by the payee in favour of a third party, who may in turn endorse it to a fourth, and so on indefinitely.
From the en.wikipedia.org
