B | Legal Glossary

BILL OF EXCHANGE

by | Sep 3, 2023

Bill of exchange : a written legal document that outlines an unconditional order from one party (the “drawer”) to another party (the “drawee”) to pay a specified amount of money to a third party (the “payee”) at a designated future date or upon a specific event. It serves as a type of negotiable instrument used in financial transactions and international trade.(Section 5 of Negotiable Instruments Act)

Written By Archana Singh

I am Archana Singh, a recent law master's graduate with a strong aspiration for the judicial service. My passion lies in elucidating complex legal concepts, disseminating legal news, and enhancing legal awareness. I take immense pride in introducing my new legal website - The LawGist. Through my meticulously crafted blogs and articles, I aim to empower individuals with comprehensive legal insights. My unwavering dedication is to facilitate a profound comprehension of the law, enabling people to execute judicious and well-informed choices.

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