Bill of Exchange
From Reuters Financial Glossary
(Redirected from Eligible Bill, Trade Bill)
Synonyms: Eligible Bill, Trade Bill
Old financial instrument used to finance international trade. A bill of exchange is an order to pay a specified amount of money to the holder of the bill either at a set future date (a time draft) or on presentation of the bill (a sight draft). Also known as eligible bills, commercial bills, trade bills and BAs.
See also: BA
