Sentence examples for bill of exchange from inspiring English sources
noun
A document demanding payment from another party, especially used in international trade.
The bill of exchange originated as a method of settling accounts in international trade.
If a bill of exchange is accepted by the buyer of the goods, it is known as a trade acceptance.
The most common and most complex form of negotiable instrument is the draft, or bill of exchange.
Taken aback by Morgan's decision not to honor a bill of exchange, Landale, understandably, took his business elsewhere.
A letter of credit, unlike a bill of exchange, is not negotiable but is cashable only by the paying bank.
After the seller received his payment, the bill of exchange continued to function as a credit instrument until its maturity, independent of the original transaction.
Bills of exchange are sometimes called drafts, but that term usually applies to domestic transactions only.
Bills of exchange were also used for payments to distant localities.
We used Victorian instruments like bills of exchange and convertible preference shares.
The principal rules in English law are laid down in the Bills of Exchange Act of 1882.
The French stock exchange may be traced as far back as the 12th century, when trading occurred in commercial bills of exchange.
