Definition of bill of exchange in English:

bill of exchange

noun

  • A written order to a person requiring them to make a specified payment to the signatory or to a named payee; a promissory note.

    • ‘As for the case of its discounting the purchase of the bills of exchange, if the company had given direct loan (as to the debtor), the Bank might have made a remark that a substantially high sum of money had been lent to an affiliated business.’
    • ‘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.’
    • ‘The negotiable document setting down the terms of credit is the so-called bill of exchange.’
    • ‘Then the vendor redeems his units and gets the cheque or the bill of exchange endorsed over to it.’
    • ‘The markets for bills of exchange and bankers' acceptances are simply too small to be of any use.’
    • ‘They tiptoed back to financing industry after 1898, but on the basis of current-account credit and bills of exchange rather than the purchase of share capital.’
    • ‘A merchant could obtain a bill of exchange as a loan.’
    • ‘Included are the traditional bills of exchange, cheques, promissory notes, bonds, and share warrants, as well as share certificates, money transfer orders, and deposit receipts.’
    • ‘A bill of exchange or a note is not, in itself, such a means.’
    • ‘Why is a bill of exchange on London the standard currency of all commercial transactions?’
    • ‘A bond is treated as the equivalent of a bill of exchange or a letter of credit, so that it follows that normally a set-off or counterclaim will not be enough to prevent judgment being given.’
    • ‘A married woman was sued on a bill of exchange and a cheque that she had signed at the request of her husband.’
    • ‘The banker therefore held money on ‘deposit’ for merchants and in return established sufficient ‘credit’ for other merchants to accept their bills of exchange as a form of money in its own right.’
    • ‘It then presents a brief outline of how legal developments proceeded to make the bill of exchange a more liquid and widely accepted financial instrument.’
    • ‘This master file then automatically generates key documents such as commercial invoices, packing lists, bills of exchange, and beneficiary certificates in minutes.’
    • ‘The manufacturer offered the merchant a bill of exchange, promising payment of, say, £100 in six months, so escaping the constraints of the usury laws with their upper limits on interest rates.’
    • ‘Thus bills of exchange, promissory notes, and certificates of deposit can be, and frequently are, pledged to banks.’
    • ‘A bill of exchange is issued by the exporter's bank which orders the importer or the importer's bank to pay a specified sum on a specific day.’
    • ‘The bill of exchange just looks like a normal bill of exchange, a negotiable instrument that says a written order on somebody to pay which is accepted by another person and endorsed across.’
    • ‘In fact, life insurance joined stock shares, bonds, mortgages, bills of exchange, and promissory notes as inevitable props for England's dynamic economy.’
    cheque, order, banker's order, money order, bill of exchange, postal order
    View synonyms

Pronunciation:

bill of exchange

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