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Bill of exchange |
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Bill of exchangeAny document demanding payment.Bill of exchangeGeneral term for a document demanding payment.Bill of exchangeAn order in writing by one person to another to pay a specified sum to a specified person or bearer on a particular date.The person making the order or drawing the bill is known as the drawerThe person to whom the bill is addressed is the drawee (for example a bank)The person to whom the bill is payable is the payeeSimilar MatchesBilateral exchange rateBilateral exchange rateThe exchange rate between two countries' currencies, defined as the number of units of either currency needed to purchase one unit of the other. Forward foreign exchange rateForward foreign exchange rateThe exchange rate available today to exchange currency at some specified date in the future. Exchange membersExchange membersSee: Member firm; seat Organised securities exchangeOrganised securities exchangeA stock exchange where trading of listed securities takes place, such as the New York Stock Exchange. Contrast with 'over the counter trading'. Unequal exchangeUnequal exchangeTrade in which the labor used to produce a country's exports is more than the labor used to produce its imports, as in the exchange between low-wage developing countries and high-wage developed countries. Further SuggestionsForward exchange transactionExchange-market intervention Favorable exchange rate Colombo Stock Exchange Exchange Delivery Settlement Price Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) Purchasing power parity exchange rate European Options Exchange (EOE) Istanbul Stock Exchange Pegged exchange rate Exchange Rate Mechanism (ERM) National Stock Exchange (NSE) Osaka Securities Exchange (OSE) Copenhagen Stock Exchange Budapest Stock Exchange Singapore International Monetary Exchange (SIMEX) Sydney Futures Exchange (SFE) Amman Stock Exchange International Petroleum Exchange Mexican Stock Exchange Swiss Exchange London Commodity Exchange Exchange of stock Securities and Exchange Commission Shanghai Stock Exchange |
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