Foreign Bill (Noun)
Meaning
A bill of exchange that is drawn in one country and made payable in another.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's accountant carefully processed the foreign bill to ensure it was paid in the correct currency.
- International trade relied heavily on foreign bills to facilitate transactions across borders.
- To facilitate international transactions, many banks offered specialized services for handling foreign bills.
- Companies using foreign bills needed to account for fluctuations in exchange rates to avoid financial losses.
- When doing business with foreign clients, exporters often required a foreign bill as part of the payment arrangement.