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bill of exchange
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English Dictionary: bill of exchange by the DICT Development Group
4 results for bill of exchange
From WordNet (r) 3.0 (2006) [wn]:
bill of exchange
n
  1. a document ordering the payment of money; drawn by one person or bank on another
    Synonym(s): draft, bill of exchange, order of payment
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
  
  
      Note: In some parts of the United States, notably in the
               Southern States, raise in also commonly applied to the
               rearing or bringing up of children.
  
                        I was raised, as they say in Virginia, among the
                        mountains of the North.                  --Paulding.
            (d) To bring into being; to produce; to cause to arise,
                  come forth, or appear; -- often with up.
  
                           I will raise them up a prophet from among their
                           brethren, like unto thee.            --Deut. xviii.
                                                                              18.
  
                           God vouchsafes to raise another world From him
                           [Noah], and all his anger to forget. --Milton.
            (e) To give rise to; to set agoing; to occasion; to start;
                  to originate; as, to raise a smile or a blush.
  
                           Thou shalt not raise a false report. --Ex.
                                                                              xxiii. 1.
            (f) To give vent or utterance to; to utter; to strike up.
  
                           Soon as the prince appears, they raise a cry.
                                                                              --Dryden.
            (g) To bring to notice; to submit for consideration; as,
                  to raise a point of order; to raise an objection.
  
      4. To cause to rise, as by the effect of leaven; to make
            light and spongy, as bread.
  
                     Miss Liddy can dance a jig, and raise paste.
                                                                              --Spectator.
  
      5. (Naut.)
            (a) To cause (the land or any other object) to seem higher
                  by drawing nearer to it; as, to raise Sandy Hook
                  light.
            (b) To let go; as in the command, Raise tacks and sheets,
                  i. e., Let go tacks and sheets.
  
      6. (Law) To create or constitute; as, to raise a use that is,
            to create it. --Burrill.
  
      {To raise a blockade} (Mil.), to remove or break up a
            blockade, either by withdrawing the ships or forces
            employed in enforcing it, or by driving them away or
            dispersing them.
  
      {To raise a check}, {note}, {bill of exchange}, etc., to
            increase fraudulently its nominal value by changing the
            writing, figures, or printing in which the sum payable is
            specified.

From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Bill \Bill\, 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} a
      paper.]
      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 [bd]emit bills of credit.[b8] --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}. --Chitty.
  
      {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
            [bd]A true bill,[b8] otherwise they write upon it [bd]Not
            a true bill,[b8] or [bd]Not found,[b8] or
            [bd]Ignoramus[b8], or [bd]Ignored.[b8]
  
      {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.
            --Bouvier. --Wharton.
  
      {Bill of parcels}, an account given by the seller to the
            buyer of the several articles purchased, with the price of
            each.
  
      {Bill of particulars} (Law), a detailed statement of the
            items of a plaintiff's demand in an action, or of the
            defendant's set-off.
  
      {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
            several States.
  
      {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
            examination.
  
      {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.
  
      {Bills payable} (pl.), the outstanding unpaid notes or
            acceptances made and issued by an individual or firm.
  
      {Bills receivable} (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
            jury.

From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Exchange \Ex*change"\, n. [OE. eschange, eschaunge, OF.
      eschange, fr. eschangier, F. [82]changer, to exchange; pref.
      ex- out + F. changer. See {Change}, and cf. {Excamb}.]
      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.
            --Blackstone.
  
      6. The place where the merchants, brokers, and bankers of a
            city meet at certain hours, to transact business. In this
            sense often contracted to 'Change.
  
      {Arbitration of exchange}. See under {Arbitration}.
  
      {Bill of exchange}. See under {Bill}.
  
      {Exchange broker}. 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.
  
      {Telephone exchange}, 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.
No guarantee of accuracy or completeness!
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