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TeachMeFinance.com - explain Foreign bill historic definition... Foreign bill -- In Great Britain this term means a bill of exchange on a foreign country. In the United States the single word exchange is generally construed as meaning a foreign bill, although the term foreign exchange is a more definite term. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.