bill of exchange Definition

bill of exchange

Definition

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.

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bill of exchange is ...
... part of the Law & Estate Planning subject.

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bill of exchange appears in the definitions of these other terms on BusinessDictionary.com

tenor, stale check, sight, sign

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