Bill of exchange

 

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Bill of exchange

Any document demanding payment.

Bill of exchange

General term for a document demanding payment.

Bill of exchange

An 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 payee



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