Social Sciences and the Law

What is a bill of exchange?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/bill-exchange-102837.html" >What is a bill of exchange?</a>
E-mail this answer Link to this answer

A draft in banking is an order by one party to another party to pay a stated sum to the person or firm in whose favor the draft is made. It is similar in form to the ordinary bank check. A draft is sometimes known as a bill of exchange.

Answer verified with
Get more facts and information about draft . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: How is a bill of exchange different from a check? Is a bill of exchange a check? Is there a difference between a bill of exchange and a bank draft? Is a bill of exchange a bank draft? [ Hide these questions ]

Related research questions

Related research articles

Exchanges the root of all evil? Don't make me laugh.(Sports)
Newspaper article from: The Racing Post (London, England) ...certainly hope so where betting exchanges are concerned. Recently, the anti-exchange lobbyists were given reason...slew of bad publicity for exchanges before Cheltenham, Chancellor...to face a more hefty tax bill than traditional bookmakers...a horse is drifting on an exchange - much more ...
Exchanges Trend Toward Private.
Newspaper article from: The Online Reporter ...companies looking to build private exchanges. Last year the trio scored...marketplaces as aerospace exchange Cordiem and e2open, an electronics components exchange of which IBM is a founding...Lately, however, private exchanges are at the forefront. Bill Paulk, VP of e-markets...
Exchanges head for green war; CME, Sandor jockey to dominate $120-bil....
Newspaper article from: Crain's Chicago Business ...London-based Climate Exchange PLC, which owns the Chicago exchange. At 6 billion metric...of Mr. Sandor's exchanges dominates trading...House last month; the bill faces a tough fight...trade system. As the bill currently is written...the EPA to admit the exchange's contracts to ...
London exchange aims for the world
Newspaper article from: Chicago Sun-Times ...British financial services bill preparatory to the so-called...is the day the London Stock Exchange abolishes the two-step system...members of both the stock exchange and the International Securities...will move in with the stock exchange next year and an electronic...number of shares quoted on ...
Exchange chief Sandor trading on clean air.(Richard Sandor)
Magazine article from: Waste News ...breakthrough. His Chicago Climate Exchange is positioned for breakneck...other companies. The Climate Exchange is the sole U.S. market...has companies flocking to the exchange. Since Sandor launched it...depending on which of eight bills becomes law. "It's going...
See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.