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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Bill of exchange  

Definition 1.

General term for a document demanding payment.
 

Definition 2.

A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date.
 

Definition 3.

An order by one person for a second person to pay a third.
 
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