Legal Dictionary
bill of exchange
Legal Definition of bill of exchange
Noun
- A written order from one person (the payor) to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at some fixed future date, a certain sum of money, to either the person identified as payee or to any person presenting the bill of exchange. A check is a form of bill of exchange where the order is given to a bank.
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Definition of bill of exchange
Noun
bill of exchange (plural bills of exchange)
- (banking) A document demanding payment from another party, especially used in international trade.
Synonyms
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See also
References:
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
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