Bill of Exchange definition: Copy, customize, and use instantly
Introduction
The term "Bill of Exchange" refers to a written, unconditional order directing a specific person or entity to pay a definite sum of money to another party. It is essential for facilitating trade, securing payment, and clarifying the rights and obligations of parties involved in financial transactions.
Below are various examples of how "Bill of Exchange" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Bill of Exchange" as a trade instrument
This definition ties "Bill of Exchange" to its use in trade transactions.
"Bill of Exchange" means a negotiable instrument directing payment for goods or services rendered under a trade agreement.
Definition of "Bill of Exchange" as a payment order
This definition connects "Bill of Exchange" to its role in mandating payment.
"Bill of Exchange" refers to a written order obligating a debtor to pay a fixed sum to the creditor or their agent on demand or at a set future date.
Definition of "Bill of Exchange" as a financial document
This definition links "Bill of Exchange" to its role as a formal payment document.
"Bill of Exchange" means a legally binding document instructing one party to pay a specific amount to another at a designated time.
Definition of "Bill of Exchange" as an instrument of credit
This definition applies "Bill of Exchange" to credit facilitation.
"Bill of Exchange" refers to a negotiable instrument that guarantees the provision of credit in exchange for goods or services.
Definition of "Bill of Exchange" as a negotiable instrument
This definition highlights its negotiability.
"Bill of Exchange" means a financial instrument transferable by endorsement or delivery, enabling the bearer to demand payment.
Definition of "Bill of Exchange" as a cross-border payment tool
This definition ties "Bill of Exchange" to international commerce.
"Bill of Exchange" refers to a financial instrument used for cross-border transactions, ensuring timely payment across jurisdictions.
Definition of "Bill of Exchange" as a deferred payment agreement
This definition links "Bill of Exchange" to deferred payments.
"Bill of Exchange" means a written agreement permitting payment to be made at a predetermined future date.
Definition of "Bill of Exchange" as a guarantee of payment
This definition ensures its role in securing payment.
"Bill of Exchange" refers to an enforceable commitment obligating a payer to settle an amount upon presentation or maturity.
Definition of "Bill of Exchange" as a banking instrument
This definition ties "Bill of Exchange" to banking operations.
"Bill of Exchange" means an order used by banks to facilitate payment transfers between entities.
Definition of "Bill of Exchange" as a business payment tool
This definition connects "Bill of Exchange" to business use.
"Bill of Exchange" refers to a written instruction ensuring timely settlement of business debts or invoices.
Definition of "Bill of Exchange" as a legal payment order
This definition emphasizes its legal enforceability.
"Bill of Exchange" means a legal instrument demanding payment, enforceable by law if dishonored.
Definition of "Bill of Exchange" as a trade credit instrument
This definition ties "Bill of Exchange" to trade credit.
"Bill of Exchange" refers to a negotiable document allowing a buyer to defer payment while assuring the seller of eventual settlement.
Definition of "Bill of Exchange" as a settlement mechanism
This definition links "Bill of Exchange" to debt settlement.
"Bill of Exchange" means an instrument enabling the orderly settlement of financial obligations between parties.
Definition of "Bill of Exchange" as an unconditional order
This definition underscores its unconditional nature.
"Bill of Exchange" refers to a written, unconditional order mandating the payment of a specified sum to the payee.
Definition of "Bill of Exchange" as a legal tender document
This definition ties "Bill of Exchange" to legal tender obligations.
"Bill of Exchange" means a legally recognized document obligating payment in a jurisdiction’s currency.
Definition of "Bill of Exchange" as a credit facilitation instrument
This definition highlights its role in credit arrangements.
"Bill of Exchange" refers to a negotiable order facilitating credit between a drawer, drawee, and payee.
Definition of "Bill of Exchange" as a commercial agreement tool
This definition links "Bill of Exchange" to commercial agreements.
"Bill of Exchange" means a written directive employed in agreements to ensure payment for transactions.
Definition of "Bill of Exchange" as a financial security instrument
This definition highlights its use in securing financial obligations.
"Bill of Exchange" refers to a document ensuring the security of payment obligations, particularly in high-value transactions.
Definition of "Bill of Exchange" as a promissory order
This definition ties "Bill of Exchange" to its promise-based nature.
"Bill of Exchange" means a written promise ensuring that the payer will fulfill the financial obligation as agreed.
Definition of "Bill of Exchange" as a trade finance tool
This definition emphasizes its role in trade financing.
"Bill of Exchange" refers to a negotiable instrument used in trade finance to bridge gaps in payment timing between buyers and sellers.
Definition of "Bill of Exchange" as a formal debt instrument
This definition connects "Bill of Exchange" to its role in documenting debt.
"Bill of Exchange" means a formal document used to record and enforce a debt obligation between two parties.
Definition of "Bill of Exchange" as a collection tool
This definition highlights its use in collecting payments.
"Bill of Exchange" refers to an instrument employed to collect amounts due under trade or service agreements.
Definition of "Bill of Exchange" as a transferable instrument
This definition underscores its transferability.
"Bill of Exchange" means a financial instrument that can be transferred from one party to another by endorsement or delivery.
Definition of "Bill of Exchange" as an accounting tool
This definition ties "Bill of Exchange" to its role in financial accounting.
"Bill of Exchange" refers to a document used to formalize and account for payment obligations in financial statements.
Definition of "Bill of Exchange" as an export payment mechanism
This definition links "Bill of Exchange" to export transactions.
"Bill of Exchange" means a payment instrument used in international trade to settle export invoices efficiently.
Definition of "Bill of Exchange" as a contractual payment tool
This definition highlights its role in contracts.
"Bill of Exchange" refers to a written directive employed within contractual agreements to enforce payment terms.
Definition of "Bill of Exchange" as a legal recourse instrument
This definition ties "Bill of Exchange" to legal remedies.
"Bill of Exchange" means a document that provides legal recourse for non-payment or dishonor of the instrument.
Definition of "Bill of Exchange" as an instrument of liquidity
This definition emphasizes its role in providing liquidity.
"Bill of Exchange" refers to a negotiable document enabling parties to access liquidity through payment commitments.
Definition of "Bill of Exchange" as a trade settlement agreement
This definition underscores its role in settling trade balances.
"Bill of Exchange" means an instrument facilitating the settlement of trade balances between entities or nations.
Definition of "Bill of Exchange" as a demand payment instrument
This definition highlights its demand-based nature.
"Bill of Exchange" refers to a document that enables immediate payment upon presentation to the drawee.
Definition of "Bill of Exchange" as an instrument for trust
This definition ties "Bill of Exchange" to building trust in transactions.
"Bill of Exchange" means a negotiable instrument fostering trust between parties by guaranteeing payments.
Definition of "Bill of Exchange" as an obligation enforcer
This definition highlights its role in enforcing financial obligations.
"Bill of Exchange" refers to an instrument that enforces payment obligations through legal and financial mechanisms.
Definition of "Bill of Exchange" as a financial planning tool
This definition connects "Bill of Exchange" to financial strategy.
"Bill of Exchange" means a tool employed by businesses to plan and schedule future payments efficiently.
Definition of "Bill of Exchange" as a corporate finance instrument
This definition ties "Bill of Exchange" to corporate transactions.
"Bill of Exchange" refers to a negotiable instrument used by corporations to streamline payments and manage cash flows.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.