Bill of exchange
Definition of Bill of exchange
| (Com.) | a written order or request from one person or house to another, desiring the latter to pay to some person designated a certain sum of money therein generally is, and, to be negotiable, must be, made payable to order or to bearer. So also the order generally expresses a specified time of payment, and that it is drawn for value. The person who draws the bill is called the drawer, the person on whom it is drawn is, before acceptance, called the drawee, - after acceptance, the acceptor; the person to whom the money is directed to be paid is called the payee. The person making the order may himself be the payee. The bill itself is frequently called a draft. See Exchange. | | See under Bill. |
See also: Bill exchange
Related Words
acceptance, bank check, bank draft, banker's acceptance, banker's draft, check, cheque, dividend warrant, draft, foreign bill, foreign draft, inland bill, money order, negotiable instrument, order of payment, overdraft, postal order, redraft, sight bill, sight draft, time bill, time draft, trade acceptance
|
Browse
Bilious
Bilious temperament
Biliousness
Biliprasin
Bilirubin
Biliteral
Biliteralism
Biliverdin
Bilk
Bill
Bill book
Bill broker
Bill holder
Bill of adventure
Bill of attainder
Bill of costs
Bill of credit
Bill of divorce
Bill of entry
Bill of exceptions
-Bill of exchange-
Bill of fare
Bill of health
Bill of indictment
Bill of lading
Bill of mortality
Bill of pains and penalties
Bill of parcels
Bill of particulars
Bill of review
Bill of rights
Bill of sale
Bill of sight
Bill of store
Billabong
Billage
Billard
Billbeetle
Billboard
Billed
Billet
|
|
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
|