bill of exchange
Negotiable payment instrument
A bill of exchange is a written order from one party directing another to pay a specified sum to a third party, either on demand or at a set future date.
It functions as a negotiable instrument in commercial transactions, particularly in international trade, allowing businesses to formalize payment obligations.
The drawer creates the bill, the drawee is ordered to pay, and the payee receives the funds.
Unlike a check, a bill of exchange typically involves a future payment date and may be transferred to others through endorsement.
Sliding furniture compartment
- draweeParty directed to pay
- payeePerson owed payment
- endorserOne who publicly approves
- holder in due courseInnocent acquirer of negotiable instrument
acceptor · guarantor · principal · agent · correspondent · beneficiary · creditor · debtor
Preliminary version of text
- promissory noteWritten debt obligation
- endorsementFormal expression of support
- drawerSliding furniture compartment
- draweeParty directed to pay
acceptance · maturity · tenor · protest · notary · holder · payee · issuer
Funds sent elsewhere
- settlementResolved dispute or colony
- paymentFulfilling a financial obligation
- clearingTreeless space in forest
- collectionGathered set of items
negotiation · discount · advance · proceeds · face value · due date · grace period · bank charges
Foreign-bound sale
- importObtain from overseas
- letter of creditBank-backed payment promise
- consignmentBatch delivered for selling
- international tradeExchange across national boundaries
shipping documents · merchant · factor · commodity trading · mercantile
Plant growth tissue
- MediciFlorentine banking dynasty
- LombardNorthern Italian regional native
- usuryExtortionate money lending
- money changerOne who exchanges currencies
guild · fair · promissory · tallies · goldsmith
drawer
Sliding furniture compartment
holder in due course · acceptor · guarantor · principal · agent · correspondent · beneficiary · creditor · debtor · obligor
draft
Preliminary version of text
- promissory noteWritten debt obligation
- endorsementFormal expression of support
- drawerSliding furniture compartment
drawee · acceptance · maturity · tenor · protest · notary · holder · payee · issuer · discounting
remittance
Funds sent elsewhere
- settlementResolved dispute or colony
- paymentFulfilling a financial obligation
- clearingTreeless space in forest
collection · negotiation · discount · advance · proceeds · face value · due date · grace period · bank charges · reimbursement
export
Foreign-bound sale
- importObtain from overseas
- letter of creditBank-backed payment promise
- consignmentBatch delivered for selling
shipping documents · international trade · merchant · factor · commodity trading · mercantile
cambium
Plant growth tissue
- MediciFlorentine banking dynasty
- LombardNorthern Italian regional native
- usuryExtortionate money lending
money changer · guild · fair · promissory · tallies · goldsmith
bill of exchangecash
Ready spending funds
hard currency · cash payment · specie · ready money · legal tender
bill of exchangestock certificate
Proof of corporate ownership
deed · title · bearer bond · commodity · real property
bill of exchangedirect payment
Funds transferred without intermediary
personal check · receipt · voucher · barter
bill, exchange, bills, billed, billing, exchanged, exchanges, exchanging, billable