bill of exchange Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bill of exchange” in the English Dictionary

"bill of exchange" in Business English

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bill of exchangenoun [C]

uk   us   (plural bills of exchange) (also bill, written abbreviation b/e)
COMMERCE, FINANCE a ​document, used especially in ​internationaltrade, 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 ​duedate 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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