Bill of exchange and draft are two names for the same type of negotiable instrument.

Name: Bill of exchange and draft are two names for the same type of negotiable instrument.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Both bill of exchange and draft refer to the same type of negotiable instrument, which is a written order from the drawer to the drawee to pay a certain amount of money to the payee at a specific time and place.

Bill of Exchange and Draft Are Two Names for the Same