Bill of Exchange

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Bill of Exchange

A bill of exchange is a written order by the drawer to the drawee to pay money to the payee. The most common type of bill of exchange is the cheque, which is defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date sometime in the future.

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YM: vietcraft2006

 bill of exchange.doc



Subpages (1): BILL OF EXCHANGE