Usa "bill of exchange" in una frase

1. When a bank discounts to a merchant a real bill of exchange, drawn by a real creditor upon a real debtor, and which, as soon as it becomes due, is really paid by that debtor ; it only advances to him a part of the value which he would otherwise be obliged to keep by him unemployed and in ready money, for answering occasional demands

2. At other times A would enable to discharge the first bill of exchange, by drawing, a few days before it became due, a second bill at two months date, not upon B, but upon some third person, C, for example, in London

3. But this discovery is not altogether so easy when they discount their bills sometimes with one banker, and sometimes with another, and when the two same persons do not constantly draw and redraw upon one another, but occasionally run the round of a great circle of projectors, who find it for their interest to assist one another in this method of raising money and to render it, upon that account, as difficult as possible to distinguish between a real and a fictitious bill of exchange, between a bill drawn by a real creditor upon a real debtor, and a bill for which there was properly no real creditor but the bank which discounted it, nor any real debtor but the projector who made use of the money

4. There are three parties involved in a bill of exchange

5. Therefore, a cheque may be regarded as a bill of exchange; the only difference is

6. Distinction between a Promissory Note and a Bill of Exchange

7. In Italy in 13–15th centuries bill of exchange

8. A common type of bill of exchange is the

9. Usance : the length of time allowed on the payment of a bill of exchange