Financial Terms Glossary

Bill Of Exchange

Formal

A paper instrument (document) used in overseas trade. An unconditional order guaranteeing that monies will be paid at some future time or paid upon completion of certain terms (eg receipt of goods). Usually struck for high financial amounts to govern international shipments.

Informal

A form of very clever contract and an I.O.U all rolled into one. Its most common form is a commitment to pay money upon receipt of goods by a foreign customer. For example, a Bill could say:- 'Pay to the order of Mr X, the amount of $1 Million, upon receipt of specified goods in Singapore'

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
Find out how

We'd love to hear from you!

Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK