A bill of exchange issued by a commercial organization to raise money for short-term needs.
- They do not apply to dealings by banks in other types of negotiable instruments such as promissory notes and commercial bills of exchange.
- The tax required that all newspapers, pamphlets, legal documents, commercial bills, advertisements, and other papers issued in the colonies bear a stamp.
- They quickly replaced the liquidity lost as a result of the disappearance of sterling commercial bills.
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