Bill of exchange bill of exchange (draft)

Bill - of Exchange is a type of security, a written promissory note of the established form, which gives its owner (holder) the unconditional right to demand from the drawer the unconditional payment of the specified amount of money by a certain date. The bill is used as a payment and settlement means, and is also used as a means of obtaining a loan, which was provided by the seller to the buyer in a commodity form in the form of a deferred payment.