what do u mean by bills of exachge
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Bills of exchange is unconditional promise to pay a certain sum of money to another person after a specified period of time.
Person who promises is called drawee
The person who is promised is called drawer
The person who receives the money is called payee.
Bills of exchange is unconditional promise to pay a certain sum of money to another person after a specified period of time.
Person who promises is called drawee
The person who is promised is called drawer
The person who receives the money is called payee.
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