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| (BE).
| | A Chinese renminbi-denominated bond issued in China by a non-Chinese entity. |
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| Bills of exchange are widely used to finance trade and, when discounted with a financial institution, to obtain credit.
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| The formal legal definition of a bill of exchange is as follows:
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| An unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a certain sum in money to order or to bearer.
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| Expressing this in less formal language, it is a written order from one party (the drawer) to another (the drawee) to pay a specified sum on demand or on a specified date to the drawer or to a third party specified by the drawer.
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| == See also == | | == See also == |
| * [[Acceptance]] | | * [[Bulldog bond]] |
| * [[Acceptance credit]] | | * [[Foreign bond]] |
| * [[Accommodation finance]] | | * [[Renminbi]] |
| * [[Aval]] | | * [[Samurai bond]] |
| * [[Banker's acceptance]] | | * [[Yankee bond]] |
| * [[Bank payment obligation]]
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| * [[Bill discounting]]
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| * [[Certificate of deposit]]
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| * [[Cheque]]
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| * [[Clean draft]]
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| * [[Eligible bill]]
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| * [[Forfaiting]]
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| * [[Holder in due course]]
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| * [[Lettre de change relevé]]
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| * [[Negotiable instrument]]
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| * [[Promissory note]]
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| * [[Recourse]]
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| * [[Payments and payment systems]]
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| [[Category:Corporate_finance]]
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| [[Category:Long_term_funding]]
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| [[Category:Trade_finance]]
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Revision as of 14:20, 23 October 2012
A Chinese renminbi-denominated bond issued in China by a non-Chinese entity.
See also
