Definition of Set of exchange

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TeachMeFinance.com - explain Set of exchange




historic definition...

Set of exchange -- A bill of (foreign) exchange drawn in duplicate or triplicate and numbered first and second or first, second and third of exchange. Payment of any one copy of the bill extinguishes the set. For additional information see First, second and third of exchange.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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