Definition of bill of exchange Bill of exchange
bill of ex•change
We found 3 definitions of bill of exchange from 3 different sources.
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What does bill of exchange mean?
WordNet
Noun |
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| bill of exchange - a document ordering the payment of money; drawn by one person or bank on another | ||
| draft, order of payment | ||
| negotiable instrument an unconditional order or promise to pay an amount of money | ||
| overdraft a draft in excess of the credit balance | ||
| foreign bill, foreign draft a bill of exchange that is drawn in one country and made payable in another | ||
| inland bill a bill of exchange that is both drawn and made payable in the same country | ||
| redraft a draft for the amount of a dishonored draft plus the costs and charges of drafting again | ||
| trade acceptance a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance | ||
| bank draft, banker's draft a draft drawn by a bank against funds deposited in another bank | ||
| dividend warrant an order of payment (such as a check payable to a shareholder) in which a dividend is paid | ||
| money order, postal order a written order for the payment of a sum to a named individual; obtainable and payable at a post office | ||
| banker's acceptance, acceptance the act of taking something that is offered; "her acceptance of the gift encouraged him"; "he anticipated their acceptance of his offer" | ||
| bank check, cheque, check the act of inspecting or verifying; "they made a check of their equipment"; "the pilot ran through the check-out procedure" | ||
| sight bill, sight draft a draft payable on presentation | ||
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Wiktionary 
- bill of exchange (Noun)
A document demanding payment from another party, especially used in international trade.
Sailor's Word-BookThe Sailor's Word-Book ⛵
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bill of exchange
A means of remitting money from one country to another. The receiver must present it for acceptance to the parties on whom it is drawn without loss of time, he may then claim the money after the date specified on the bill has elapsed.
