BILL OF EXCHANGE

Pronunciation (US): (GB):

Meaning:

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

Synonyms:

bill of exchange; draft; order of payment

Classified under:

Nouns denoting possession and transfer of possession

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)

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

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

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

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

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

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

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

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

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

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

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