Bill Of Exchange Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Bill Of Exchange, written in plain English, along with examples of how it is used.

What is 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. A check is a bill of exchanges drawn upon a banker