Definition of bill of exchange in English:

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bill of exchange

Pronunciation: /ˈbil əv əksˌCHānj/

noun

A written order to a person requiring the person to make a specified payment to the signatory or to a named payee; a promissory note.
Example sentences
  • Included are the traditional bills of exchange, cheques, promissory notes, bonds, and share warrants, as well as share certificates, money transfer orders, and deposit receipts.
  • Thus bills of exchange, promissory notes, and certificates of deposit can be, and frequently are, pledged to banks.
  • The manufacturer offered the merchant a bill of exchange, promising payment of, say, £100 in six months, so escaping the constraints of the usury laws with their upper limits on interest rates.
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