Term

bill of exchange

A written obligation to pay a certain sum by a set date. A bill of exchange can be passed to other people and sold to banks before it falls due.

Struggles and Triumphs, Phineas Taylor Barnum

Explained in

• Struggles and Triumphs, Phineas Taylor Barnum
• Self-Help, Samuel Smiles

  A written debt obligation: a document by which a debtor or his bank must pay a sum on a set date. A protested bill means that payment was refused.

All terms