Your Search word - bill of exchange - did not match exactly any word.
Related Definitions
Bill of Exchange Bill of Exchange is an order written by the seller of goods instructing the purchaser to pay the seller (or bearer of the bill) a specified amount on a
Retire (a Bill of Exchange) Retire (a Bill of Exchange) is to pay, or take up before maturity, usually under rebate and thus withdraw (or retire) a bill from circulation.
Tenor (of a Bill of Exchange) Tenor (of a Bill of Exchange) is the time span for which a bill is drawn (e.g. sight, 30 days after date, etc) and the merchant should deliver the ordered goods by the end of the tenor.
Overdue (Bill of Exchange) Overdue (Bill of Exchange) is a bill of Exchange is said to be overdue when the time for its payment has passed, or if it is a bill payable on
Draft/Bill of Exchange (B/E) A draft, sometimes called a bill exchange (B/E), is the instrument normally used in international commerce to effect payment.
Definition