Generally speaking, all cheques are bills of exchange, the reverse is untrue, and promissory notes differ in form and use from either one.

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Cheques are a specific type of bill of exchange, drawn on a bank and payable on demand, while not all bills of exchange are cheques. Promissory notes are distinct in that they are promises to pay, rather than orders to pay, which differentiates them in form and use from both cheques and bills of exchange.

Generally Speaking, All Cheques Are Bills of Exchange, the Reverse