Bill of Exchange: Canada Debt .ca defines Bill of Exchange

Bankruptcy Term Bill of Exchange

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Canada Debt has the definition to the bankruptcy and debt term Bill of Exchange. Finding answers to terms such as Bill of Exchange can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Bill of Exchange in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Bill of Exchange' is used as follows:

A legal document, such as a cheque, where one person in writing specifies that a third party will pay a person a specific sum of money at a specific time, or upon demand.