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English definition of “bill of exchange”

bill of exchange

noun [C]     (plural bills of exchange) (also bill, written abbreviation b/e)
COMMERCE, FINANCE a document , used especially in international trade , that orders a person or organization to pay a particular amount of money at a particular time for goods or services : An exporter may obtain payment on an accepted bill of exchange before its due date by presenting the bill to his bank .
(Definition of bill of exchange noun from the Cambridge Business English Dictionary © Cambridge University Press)
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