What is another word for bill-exchange?

27 synonyms found


[ bˈɪlɛkst͡ʃˈe͡ɪnd͡ʒ], [ bˈɪlɛkst‍ʃˈe‍ɪnd‍ʒ], [ b_ˈɪ_l_ɛ_k_s_tʃ_ˈeɪ_n_dʒ]

Bill-exchange, also known as a negotiable instrument, refers to a financial document that guarantees payment from one person or institution to another. Other synonyms for bill-exchange include promissory note, draft, check, and cashier's order. All of these financial instruments serve the same purpose, which is to provide legal proof of an agreement between two parties and facilitate the transfer of funds. While the terminology may differ, the underlying concept remains the same. By utilizing these financial tools, individuals and businesses can conduct transactions with confidence and transparency, knowing that the terms of their financial agreement are legally binding and enforceable.

How to use "Bill-exchange" in context?

The exchange of bills between different parties is now a common practice. This is done in order to decrease the amount of money that needs to be carried around. It is also a way of exchanging money that is not as efficient as cash.

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