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    jaxtar's Avatar
    jaxtar Posts: 1, Reputation: 1
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    #1

    Dec 18, 2009, 01:02 PM
    Bill of exchange
    What is bill of exchange
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Dec 19, 2009, 05:26 AM

    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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