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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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