bill of exchange

Definitions

  • WordNet 3.6
    • n bill of exchange a document ordering the payment of money; drawn by one person or bank on another
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Webster's Revised Unabridged Dictionary
    • Bill of exchange (Com) a written order or request from one person or house to another, desiring the latter to pay to some person designated a certain sum of money therein generally is, and, to be negotiable, must be, made payable to order or to bearer. So also the order generally expresses a specified time of payment, and that it is drawn for value. The person who draws the bill is called the drawer, the person on whom it is drawn is, before acceptance, called the drawee, -- after acceptance, the acceptor; the person to whom the money is directed to be paid is called the payee. The person making the order may himself be the payee. The bill itself is frequently called a draft. See Exchange.
    • bill of exchange etc., to increase fraudulently its nominal value by changing the writing, figures, or printing in which the sum payable is specified.
    • Bill of exchange See under Bill.
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Chambers's Twentieth Century Dictionary
    • Bill of exchange a document purporting to be an instrument of pecuniary obligation for value received, and which is employed for the purpose of settling a debt in a manner convenient to the parties concerned
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Etymology

Chambers's Twentieth Century Dictionary
Through Low L. billa, from L. bulla, anything round, a knob, a seal appended to a charter, hence a document bearing a seal, &c. See Bull, an edict.

Usage

In literature:

They were nearly all goldsmiths' bills of exchange drawn in favor of certain of the most prominent merchants of New York.
"Howard Pyle's Book of Pirates" by Howard I. Pyle
The prizes may be sold at Mauritius, and bills of exchange be remitted to you in Paris.
"The Diplomatic Correspondence of the American Revolution, Vol. I" by Various
It was these bills of exchange which had enabled him to keep up such an expensive establishment.
"Major Frank" by A. L. G. Bosboom-Toussaint
He should have taken those bills far away and had them exchanged for money of smaller denomination.
"Mystery Ranch" by Arthur Chapman
He was tried for the felonious embezzlement of three bills of exchange of L1,000 each.
"Old and New London" by Walter Thornbury
May it be negotiated, as a promissory note or bill of exchange?
"Report of the Decision of the Supreme Court of the United States, and the Opinions of the Judges Thereof, in the Case of Dred Scott versus John F.A. Sandford" by Benjamin C. Howard
Exchange is in reality only simple exchange; all surpluses are easily and simply equalized by means of bills of exchange on other societies.
"Landmarks of Scientific Socialism" by Friedrich Engels
The French indemnity was paid largely in bills of exchange.
"Belford's Magazine, Vol 2, December 1888" by Various
A great traffic was carried on in bills of exchange.
"History of the Reign of Philip the Second, King of Spain." by William H. Prescott
This rule does not apply to all bills of exchange.
"Putnam's Handy Law Book for the Layman" by Albert Sidney Bolles
Bills of exchange regularly negotiable.
"View of the State of Europe during the Middle Ages, Vol. 3 (of 3)" by Henry Hallam
As for the bills of exchange, the matter is to rest by our agreement.
"The Progressionists, and Angela." by Conrad von Bolanden
I went into Chili Province and offered some of these Honan bills in exchange for purchases.
"Drugging a Nation" by Samuel Merwin
For the rest, bills of lading and exchanges at thirty days are more in my line.
"The Firebrand" by S. R. Crockett
It would be tedious to relate the gains I made by assignments, bills of exchange, wine, corn, and salt traffic.
"Pictures of German Life in the XVIIIth and XIXth Centuries, Vol. I." by Gustav Freytag
Joseph and I have been taught to believe that there is a special Providence watching over all Bills of Exchange.
"The Cabinet Minister" by Arthur Pinero
ACCEP'TANCE, in law, the act by which a person binds himself to pay a bill of exchange drawn upon him.
"The New Gresham Encyclopedia. Vol. 1 Part 1" by Various
There remained the affair of the bills of exchange!
"The Breaking of the Storm, Vol. III." by Friedrich Spielhagen
The Bills of Exchange Act 1882 codifies for the United Kingdom the law relating to bills of exchange, promissory notes and cheques.
"Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7" by Various
The same is true of transactions in which bills of exchange or other credit devices serve as media of exchange.
"The Value of Money" by Benjamin M. Anderson, Jr.
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In news:

(AP) — Gov Bill Haslam says he's taking advantage of an extended deadline the federal government has given states regarding health insurance exchanges.
Perhaps you have already read the super long and interesting e-mail exchange between Malcolm Gladwell and Bill Simmons (complete with Gladwell's tale of blowing off Jennifer Aniston in a Miami coffee shop).
Two days after unveiling a 1,924 page earmark-filled Omnibus Budget plan, Democrats last night pulled the plug on the massive budget bill, sparking an hour of bitter exchanges on the Senate floor.
Following are excerpts from an exchange on Thursday between Gov Bill Clinton of Arkansas and Bob Rafsky, a member of the AIDS activism group Act Up, at Laura Belle, a nightclub in Midtown Manhattan, as recorded by the Cable News Network.
Gov Bill Haslam said Tuesday that part of the delay in deciding whether Tennessee will design its own health insurance exchange required under the new federal health care law is finding out how much flexibility the state would have.
The Justice Department and the Securities and Exchange Commission are investigating the timing of Sen Majority Leader Bill Frist 's decision to sell his shares in a hospital company a month before stock values fell.
Concerned that the military is selling pornography in exchange stores in spite of a ban, one lawmaker has introduced a bill to clean up the matter.
Opponents of a proposed bill say it would work against the open exchange of ideas.
Now retired in Bradenton, Bill Johnston served as president and chief operating officer of the New York Stock Exchange PROVIDED PHOTO.
A number of stations are also looking at tighter integration between their master control and traffic and billing systems using the Broadcast Exchange Format (BXF) standard.
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In science:

Therefore sooner or later this particular bill will become the bill with smallest serial number among your bills and hence sub ject of the exchange.
Zeno meets modern science
For instance, options and futures are available at the Chicago Board of Trade which are based on Federal Funds, Treasury Bills, and Eurodollar foreign exchange.
Quantitative law describing market dynamics before and after interest-rate change
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