Question

what is bills of exchange??

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Answer 1

Answer:

a written order to a person requiring them to make a specified payment to the signatory or to a named payee; a promissory note.

Explanation:

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Answer 2

°°°°QUESTION°°°

what is bills of exchange?¿

Answer:

bill of exchange, also called draft or draught, short-term negotiable financial instrument consisting of an order in writing addressed by one person (the seller of goods) to another (the buyer) requiring the latter to pay on demand (a sight draft) or at a fixed or determinable future time (a time draft) a certain sum .

Explanation:

A bill of exchange is a binding agreement by one party to pay a fixed amount of cash to another party as of a predetermined date or on demand. Bills of exchange are primarily used in international trade. Their use has declined as other forms of payment have become more popular.

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