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About: Bills of Exchange Act 1882     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatActsOfTheParliamentOfTheUnitedKingdomConcerningEnglandAndWales, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Act106532095yago:CivilLaw108453464yago:Collection107951464yago:Communication100033020yago:Document106470073yago:Group100031264yago:Law108441203yago:LegalDocument106479665yago:Legislation106535222yago:Writing106362953yago:WrittenCommunication106349220Bandyago:WikicatActsOfTheParliamentOfTheUnitedKingdomConcerningEnglandAndWales New Facet based on Instances of this Class

The Bills of Exchange Act 1882 is a United Kingdom Act of Parliament concerning bills of exchange. The Act was drafted by Sir Mackenzie Chalmers, who later drafted the Sale of Goods Act 1893 and the Marine Insurance Act 1906. Bills of exchange are widely used to finance trade and, when discounted with a financial institution, to obtain credit. The formal legal definition of a bill of exchange is as follows: