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Bills of exchange

Scope note

Historically a form of paper currency used in Europe from the late Medieval to the early Modern period often as credit among merchants. Now refers to written orders to pay a specific sum of money on demand or at a specified future time; used with reference to foreign transactions; for similar orders to pay usually restricted to domestic transactions, use "drafts (negotiable instruments)."

Term type

AAT

Getty AAT term number

3000193972

Broader Terms used

<orders to pay>

Term used for

exchange, bills of

Equivalent Terms used

bill of exchange

Created

13yrs ago

Citation for print

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The Fitzwilliam Museum (2024) "Terminology definition for: bills of exchange" Web page available at: https://collection.beta.fitz.ms/id/terminology/term-100963 Accessed: 2024-11-23 03:43:08

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{{cite web|url=https://collection.beta.fitz.ms/id/terminology/term-100963|title=Terminology definition for: bills of exchange|author=The Fitzwilliam Museum|accessdate=2024-11-23 03:43:08|publisher=The University of Cambridge}}

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