Definition of Payable In Exchange

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TeachMeFinance.com - explain Payable In Exchange



Payable In Exchange -- A negotiable instrument conspicuously marked on its face "Exchange" and naming a payee, is considered to be negotiable and payable to the order or assigns of the designated payee.



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".


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