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Payable to order

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Updated: Aug 20, 2021

A bill of exchange is payable to order when the name of a payee is stated, and where there are no restrictions on transfer.

Reference: The Penguin Business Dictionary, 3rd edt.


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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.