Entry from US English dictionary
A bill of exchange payable in another country.
- Colonial merchants did make use of domestic and foreign bills of exchange, but it was nearly impossible to convert these financial instruments into cash during periods of stringency.
- Another method by which the B.U.S. sought to protect the general system of bank inflation was by buying and selling domestic and foreign bills of exchange.
- To thumb through a wad of foreign bills and sift through what's probably a 10-pound coin collection brings back memories of all the ports the ship visited and what I bought to come back with all that change.
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