bill of exchange

American  

noun

1. a written authorization or order to pay a specified sum of money to a specified person.

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bill of exchange British  

noun

1. (now chiefly in foreign transactions) a document, usually negotiable, containing an instruction to a third party to pay a stated sum of money at a designated future date or on demand

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Etymology

Origin of bill of exchange

First recorded in 1570–80

Example Sentences

See Examples For:

bill of exchange

A Dunlap broadside, along with a Yiddish-language letter and a bill of exchange, was sent overseas by the Jewish merchant Jonas Phillips to a relative in Amsterdam.

From The Wall Street Journal ● Oct. 16, 2025

Richard Smith, freshly arrived from England, comes bearing a formidable bill of exchange, requiring that the town bank hand over the fabulous amount of one thousand pounds sterling.

From Slate ● Dec. 13, 2017

When one bank refused to give him further loans, he would "cash" another bill of exchange with another bank and repay the loan at the first.

From Time Magazine Archive

A "forcible bill of exchange" for all credit sales, costing up to $200 on a transaction involving $50,000, would yield another $1,000,000, and a 5% tax on capital leaving the island $1,100,000 more.

From Time Magazine Archive

Exchange, in commerce, that species of transactions by which the debts of individuals residing at a distance are cancelled by order, draft, or bill of exchange, without the transmission of specie.

From The New Gresham Encyclopedia Volume 4, Part 3: Estremoz to Felspar by Various