Found 2 items, similar to Bill of exchange.
English → English
Definition: bill of exchange
bill of exchange
n : a document ordering the payment of money; drawn by one
person or bank on another [syn: draft
, order of payment
English → English
Definition: Bill of exchange
, n. [OE. bill, bille, fr. LL. billa (or OF. bille),
for L. bulla anything rounded, LL., seal, stamp, letter,
edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG.
bickel, D. bikkel, dice. Cf. Bull
papal edict, Billet
1. (Law) A declaration made in writing, stating some wrong
the complainant has suffered from the defendant, or a
fault committed by some person against a law.
2. A writing binding the signer or signers to pay a certain
sum at a future day or on demand, with or without
interest, as may be stated in the document. [Eng.]
Note: In the United States, it is usually called a note, a
note of hand, or a promissory note.
3. A form or draft of a law, presented to a legislature for
enactment; a proposed or projected law.
4. A paper, written or printed, and posted up or given away,
to advertise something, as a lecture, a play, or the sale
of goods; a placard; a poster; a handbill.
She put up the bill in her parlor window. --Dickens.
5. An account of goods sold, services rendered, or work done,
with the price or charge; a statement of a creditor's
claim, in gross or by items; as, a grocer's bill.
6. Any paper, containing a statement of particulars; as, a
bill of charges or expenditures; a weekly bill of
mortality; a bill of fare, etc.
Bill of adventure
. See under Adventure
Bill of costs
, a statement of the items which form the
total amount of the costs of a party to a suit or action.
Bill of credit
(a) Within the constitution of the United States, a paper
issued by a State, on the mere faith and credit of the
State, and designed to circulate as money. No State
shall “emit bills of credit.”
--U. S. Const.
--Peters. --Wharton. --Bouvier
(b) Among merchants, a letter sent by an agent or other
person to a merchant, desiring him to give credit to
the bearer for goods or money.
Bill of divorce
, in the Jewish law, a writing given by the
husband to the wife, by which the marriage relation was
dissolved. --Jer. iii. 8.
Bill of entry
, a written account of goods entered at the
customhouse, whether imported or intended for exportation.
Bill of exceptions
. See under Exception
Bill of exchange
(Com.), a written order or request from
one person or house to another, desiring the latter to pay
to some person designated a certain sum of money therein
generally is, and, to be negotiable, must be, made payable
to order or to bearer. So also the order generally
expresses a specified time of payment, and that it is
drawn for value. The person who draws the bill is called
the drawer, the person on whom it is drawn is, before
acceptance, called the drawee, -- after acceptance, the
acceptor; the person to whom the money is directed to be
paid is called the payee. The person making the order may
himself be the payee. The bill itself is frequently called
a draft. See Exchange
Bill of fare
, a written or printed enumeration of the
dishes served at a public table, or of the dishes (with
prices annexed) which may be ordered at a restaurant, etc.
Bill of health
, a certificate from the proper authorities
as to the state of health of a ship's company at the time
of her leaving port.
Bill of indictment
, a written accusation lawfully presented
to a grand jury. If the jury consider the evidence
sufficient to support the accusation, they indorse it “A
otherwise they write upon it “Not a true
or “Not found,”
Bill of lading
, a written account of goods shipped by any
person, signed by the agent of the owner of the vessel, or
by its master, acknowledging the receipt of the goods, and
promising to deliver them safe at the place directed,
dangers of the sea excepted. It is usual for the master to
sign two, three, or four copies of the bill; one of which
he keeps in possession, one is kept by the shipper, and
one is sent to the consignee of the goods.
Bill of mortality
, an official statement of the number of
deaths in a place or district within a given time; also, a
district required to be covered by such statement; as, a
place within the bills of mortality of London.
Bill of pains and penalties
, a special act of a legislature
which inflicts a punishment less than death upon persons
supposed to be guilty of treason or felony, without any
conviction in the ordinary course of judicial proceedings.
Bill of parcels
, an account given by the seller to the
buyer of the several articles purchased, with the price of
Bill of particulars
(Law), a detailed statement of the
items of a plaintiff's demand in an action, or of the
Bill of rights
, a summary of rights and privileges claimed
by a people. Such was the declaration presented by the
Lords and Commons of England to the Prince and Princess of
Orange in 1688, and enacted in Parliament after they
became king and queen. In America, a bill or declaration
of rights is prefixed to most of the constitutions of the
Bill of sale
, a formal instrument for the conveyance or
transfer of goods and chattels.
Bill of sight
, a form of entry at the customhouse, by which
goods, respecting which the importer is not possessed of
full information, may be provisionally landed for
Bill of store
, a license granted at the customhouse to
merchants, to carry such stores and provisions as are
necessary for a voyage, custom free. --Wharton.
(pl.), the outstanding unpaid notes or
acceptances made and issued by an individual or firm.
(pl.), the unpaid promissory notes or
acceptances held by an individual or firm. --McElrath.
A true bill
, a bill of indictment sanctioned by a grand
([e^]ks*ch[=a]nj"), n. [OE. eschange,
eschaunge, OF. eschange, fr. eschangier, F. ['e]changer, to
exchange; pref. ex- out + F. changer. See Change
, and cf.
1. The act of giving or taking one thing in return for
another which is regarded as an equivalent; as, an
exchange of cattle for grain.
2. The act of substituting one thing in the place of another;
as, an exchange of grief for joy, or of a scepter for a
sword, and the like; also, the act of giving and receiving
reciprocally; as, an exchange of civilities or views.
3. The thing given or received in return; esp., a publication
exchanged for another. --Shak.
4. (Com.) The process of setting accounts or debts between
parties residing at a distance from each other, without
the intervention of money, by exchanging orders or drafts,
called bills of exchange. These may be drawn in one
country and payable in another, in which case they are
called foreign bills; or they may be drawn and made
payable in the same country, in which case they are called
inland bills. The term bill of exchange is often
abbreviated into exchange; as, to buy or sell exchange.
Note: A in London is creditor to B in New York, and C in
London owes D in New York a like sum. A in London draws
a bill of exchange on B in New York; C in London
purchases the bill, by which A receives his debt due
from B in New York. C transmits the bill to D in New
York, who receives the amount from B.
5. (Law) A mutual grant of equal interests, the one in
consideration of the other. Estates exchanged must be
equal in quantity, as fee simple for fee simple.
6. The place where the merchants, brokers, and bankers of a
city meet at certain hours, to transact business; also,
the institution which sets regulations and maintains the
physical facilities of such a place; as, the New York
Stock Exchange; a commodity exchange. In this sense the
word was at one time often contracted to 'change
[1913 Webster +PJC]
Arbitration of exchange
. See under Arbitration
Bill of exchange
. See under Bill
. See under Broker
Par of exchange
, the established value of the coin or
standard of value of one country when expressed in the
coin or standard of another, as the value of the pound
sterling in the currency of France or the United States.
The par of exchange rarely varies, and serves as a measure
for the rise and fall of exchange that is affected by the
demand and supply. Exchange is at par when, for example, a
bill in New York, for the payment of one hundred pounds
sterling in London, can be purchased for the sum. Exchange
is in favor of a place when it can be purchased there at
or above par.
, a central office in which the wires of
any two telephones or telephone stations may be connected
to permit conversation.
Syn: Barter; dealing; trade; traffic; interchange.