In English, many things are named after a particular country – but have you ever wondered what those things are called in those countries?
nounPlural bills of exchange
1letra de cambio feminine
- The manufacturer offered the merchant a bill of exchange, promising payment of, say, £100 in six months, so escaping the constraints of the usury laws with their upper limits on interest rates.
- The banker therefore held money on ‘deposit’ for merchants and in return established sufficient ‘credit’ for other merchants to accept their bills of exchange as a form of money in its own right.
- They tiptoed back to financing industry after 1898, but on the basis of current-account credit and bills of exchange rather than the purchase of share capital.
- A bill of exchange is issued by the exporter's bank which orders the importer or the importer's bank to pay a specified sum on a specific day.
- The markets for bills of exchange and bankers' acceptances are simply too small to be of any use.
- A bill of exchange or a note is not, in itself, such a means.
- A merchant could obtain a bill of exchange as a loan.
- Then the vendor redeems his units and gets the cheque or the bill of exchange endorsed over to it.
- A bond is treated as the equivalent of a bill of exchange or a letter of credit, so that it follows that normally a set-off or counterclaim will not be enough to prevent judgment being given.
- This master file then automatically generates key documents such as commercial invoices, packing lists, bills of exchange, and beneficiary certificates in minutes.
- The bill of exchange just looks like a normal bill of exchange, a negotiable instrument that says a written order on somebody to pay which is accepted by another person and endorsed across.
- Thus bills of exchange, promissory notes, and certificates of deposit can be, and frequently are, pledged to banks.
- It then presents a brief outline of how legal developments proceeded to make the bill of exchange a more liquid and widely accepted financial instrument.
- A married woman was sued on a bill of exchange and a cheque that she had signed at the request of her husband.
- As for the case of its discounting the purchase of the bills of exchange, if the company had given direct loan (as to the debtor), the Bank might have made a remark that a substantially high sum of money had been lent to an affiliated business.
- Colonial merchants did make use of domestic and foreign bills of exchange, but it was nearly impossible to convert these financial instruments into cash during periods of stringency.
- Included are the traditional bills of exchange, cheques, promissory notes, bonds, and share warrants, as well as share certificates, money transfer orders, and deposit receipts.
- Why is a bill of exchange on London the standard currency of all commercial transactions?
- The negotiable document setting down the terms of credit is the so-called bill of exchange.
- In fact, life insurance joined stock shares, bonds, mortgages, bills of exchange, and promissory notes as inevitable props for England's dynamic economy.
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