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  • Dec 18, 2009, 01:02 PM
    jaxtar
    Bill of exchange
    What is bill of exchange
  • Dec 19, 2009, 05:26 AM
    tickle

    Bill of exchange
    Definition
    An unconditional order issued by a person or business which directs the recipient to pay a fixed sum of money to a third party at a future date. The future date may be either fixed or negotiable. A bill of exchange must be in writing and signed and dated. Also called draft.

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