Advertisement
Advertisement
bill of exchange
noun
- a written authorization or order to pay a specified sum of money to a specified person.
bill of exchange
noun
- (now chiefly in foreign transactions) a document, usually negotiable, containing an instruction to a third party to pay a stated sum of money at a designated future date or on demand
Word History and Origins
Origin of bill of exchange1
Example Sentences
Morris "relied on public-spirited financiers like Salomon to subscribe to the bank, find purchasers for government bills of exchange, and lend their own money to the government," according to the National Park Service.
In the Middle Ages, metal coins were supplemented by bills of exchange to make long-term trade easier.
A merchant from Lyon who wanted to buy - say - Florentine wool could go to this banker and borrow something called a bill of exchange.
Ye Xiaofeng, founder of blockchain start-up ZerOne.IO, said he was talking to two of China's four biggest banks looking to use blockchain for monitoring bills of exchange and credit tracking.
Morgan Chase might make of Frederick Warren, who strolls into the Bank of England in 1873 and passes off a forged bill of exchange — one of many, as it turns out.
Advertisement
Advertisement
Advertisement
Advertisement
Browse