BILL OF EXCHANGE

Pronunciation (US):

 Dictionary entry overview: What does bill of exchange mean? 

• BILL OF EXCHANGE (noun)
  The noun BILL OF EXCHANGE has 1 sense:

1. a document ordering the payment of money; drawn by one person or bank on another

  Familiarity information: BILL OF EXCHANGE used as a noun is very rare.

 Dictionary entry details 

• BILL OF EXCHANGE (noun)

Meaning:

A document ordering the payment of money; drawn by one person or bank on another

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

bill of exchange; draft; order of payment

Hypernyms ("bill of exchange" is a kind of...):

negotiable instrument (an unconditional order or promise to pay an amount of money)

Hyponyms (each of the following is a kind of "bill of exchange"):

overdraft (a draft in excess of the credit balance)

sight bill; sight draft (a draft payable on presentation)

bank check; check; cheque (a written order directing a bank to pay money)

acceptance; banker's acceptance (banking: a time draft drawn on and accepted by a bank)

money order; postal order (a written order for the payment of a sum to a named individual; obtainable and payable at a post office)

dividend warrant (an order of payment (such as a check payable to a shareholder) in which a dividend is paid)

bank draft; banker's draft (a draft drawn by a bank against funds deposited in another bank)

trade acceptance (a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance)

redraft (a draft for the amount of a dishonored draft plus the costs and charges of drafting again)

inland bill (a bill of exchange that is both drawn and made payable in the same country)

foreign bill; foreign draft (a bill of exchange that is drawn in one country and made payable in another)

time bill; time draft (a draft payable at a specified future date)