Bill of Exchange definition:
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, ...
Bill Of Exchange An unconditional written order from one person (the maker or drawer) to another person (the payor) to pay a specified sum of money to a designated person (the payee). It is the same as a draft.
Bill Of Exchange
(n) Bill of Exchange is the financial instrument drawn by a party on another person or entity to pay the amount payable as per that instrument to the drawer or such third parties named in that document.
Bill of Exchange:
A legal document, such as a cheque, where one person in writing specifies that a third party will pay a person a specific sum of money at a specific time, or upon demand.
bill of exchange
n. a writing by a party (maker or drawer) ordering another (payor) to pay a certain amount to a third party (payee). It is the same as a draft. A bill of exchange drawn on a bank account is a "check." ...
BILL OF EXCHANGE, contracts. A bill of exchange is defined to be an open letter of request from, and order by, one person on another, to pay a sum of money therein mentioned to a third person, on demand, or at a future time therein specified.
Bill of exchange
A written order, for instance a check, from one person (the payor) to another (the payee), signed by the payor.
Bill of exchange
A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee.
Bill of exchange
Definition
: an instrument by one party directing another party to pay a named third party or anyone bearing it a specific amount of money on a named future date or on demand
also
: See also draft ...
Acceptance of a bill of exchange the act by which the drawee or other person evinces his assent or intention to comply with and be bound by, the request contained in a bill of exchange to pay the same; or in other words, ...
In commercial law, the term refers to the person to whom a bill of exchange is made payable. On a regular check, the space preceded with the words "pay to the order of" identifies the payee. TOP Payor : The person who is making the payment(s).
Payee: Person to whom a bill of exchange is made payable. On an ordinary cheque, the name preceded by the words "pay to the order of" identifies the payee.
Payor: Person who makes a payment on a cheque or bill of exchange.
" In the laws of bills of exchange, an endorsement is a signature on the back of the bill of exchange by which the person to whom the note is payable transfers it by thus making the note payable to the bearer or to a specific person.
negotiable instrument
n. check, promissory note, bill of exchange, security or any docu...
negotiation
n. 1) the transfer of a check, promissory note, bill of exchange ...
Address. 2. The name and residence of the drawee in a bill of exchange. See Protest, 2.
Ad pios usus. For religious purposes.
Adult. Latin adultus, grown up. A person twenty-one or more years of age.
QUALIFIED INDORSEMENT
A transfer of a bill of exchange or promissory note to an indorsee, without any liability to the indorser, the words usually employed for... more ...
payee : a person to whom money is to be or has been paid ;specif : the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer ...
Draft: A written instruction from one person to another, ordering the payment of a specified sum of money to a third person on a specified date in the future. Also known as a bill of exchange.
 See also: Person, Law, Will, Money, Order
  
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