An order in writing addressed by one person to another and signed by the person giving it, requiring the person to whom it is addressed to pay, on demand or at a fixed date, a specified sum of money.
Bills are negotiable in the money market , so enabling drawers to obtain their money at once.
Bills of exchange are divided into the categories of bank bills , trade bills , fine trade bills and finance bills. The Penguin International Dictionary of Finance 3. The Penguin International Dictionary of Finance 4. The Penguin International Dictionary of Finance 5. All rights reserved.