Meaning of BILL OF EXCHANGE in English
- BILL OF EXCHANGE
A written order from one person (the payor ) to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at some fixed future date, a certain sum of money, to either the person identified as payee or to any person presenting the bill of exchange. A check is a form of bill of exchange where the order is given to a bank.
Duhaime's Law English dictionary. Английский юридический словарь Duhaime . 2012