bill of exchange

noun phrase

Definition of bill of exchange

: an unconditional written order from one person to another to pay a specified sum of money to a designated person

First Known Use of bill of exchange

1534, in the meaning defined above

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Time Traveler for bill of exchange

Time Traveler

The first known use of bill of exchange was in 1534

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Cite this Entry

“Bill of exchange.” Dictionary, Merriam-Webster, Accessed 26 Oct. 2020.

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bill of exchange


English Language Learners Definition of bill of exchange

business : a document that tells a person or business to pay a particular amount of money to another person or business

bill of exchange

Legal Definition of bill of exchange

see bill sense 7

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