less than 1 minute read

Bill of exchange

Bill of exchange, negotiable instrument used in commerce that is drawn up and signed by one person to direct another person to pay a certain sum of money at a certain time to the bearer or to the party named on the bill. Parties involved in this transaction are frequently banks and businesses; the bill is a convenient means of transferring funds.

Additional topics

21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Bell's palsy to Black Friday