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Chapter 6 Payment The most frequently used means of payment The methods of settlement 6.1 Means of payment 6.1.1 Bill of Exchange / Draft Definition: A Bill of Exchange is an unconditional order in writing. Addressed by one person(the drawer) to another(the drawee), signed by the person giving it, requiring the person to whom it is addressed to pay on demand”, or at a fixed or determinable future time, a sum certain in money, to, or to the order of a specified person, or to a bearer. (汇票是一个人向另一个人签发的,要求其在某个确定的时间,对某人或某指定人或持票人支付一定金额的无条件书面支付命令。它是贸易中最常用的结算工具。) The operation process of dr
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