Meaning of BILL OF EXCHANGE in English


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 .