 Definition of Bill of exchange - Finance dictionary
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Bill of exchange
“Bill of exchange” designates a category of financial instruments dating back to hundreds of years ago. A bill of exchange entitles the holder to receive a specified amount of money, either immediately upon presentation ("sight draft") or on a specified date in the future ("time draft"). Bills of exchange are also called "BAs", "commercial bills" and "eligible bills".
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Definitions of terms begining
with the same letter as "Bill of exchange"
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Bill of exchange
“Bill of exchange” designates a category of financial instruments dating back to hundreds of years ago. A bill of exchange entitles the holder to receive a specified amount of money, either immediately upon presentation ("sight draft") or on a specified date in the future ("time draft"). Bills of exchange are also called "BAs", "commercial bills" and "eligible bills".
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