The financial encyclopedia uses cookies to improve your user experience. Find out more here!



       

 

 

 

 


Select topic from the list on the left. Should you not find what you are looking for, please feel free to send us a message and we will try to find it for you.

 

Quality of bills of exchange

In the money market, bills of exchange are graded into various qualities according their reliability. There are three principal qualities: (1) trade bills; (2) agent bills; and (3) bank bills.

Reference: The Penguin Business Dictionary, 3rd edt.