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bills of exchange


Identification code: 300193972
Español: letras de cambio | Català: lletra de canvi



Alternative term/s

  • bill of exchange
  • exchange, bills of

Anotations

Scope note:

Historically a form of paper currency used in Europe from the late Medieval to the early Modern period often as credit among merchants. Now refers to written orders to pay a specific sum of money on demand or at a specified future time; used with reference to foreign transactions; for similar orders to pay usually restricted to domestic transactions, use "drafts (negotiable instruments)."

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