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An allonge (from French allonger, "to draw out") is a slip of paper affixed to a negotiable instrument, as a bill of exchange, for the purpose of receiving additional endorsements for which there may not be sufficient space on the bill itself. An endorsement written on the allonge is deemed to be written on the bill itself.
A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one ...
Bill of Exchange Act 1800: An Act for the better observance of Good Friday in certain cases therein mentioned. The whole act. 48 Geo. 3. c. 88 Bill of Exchange Act 1808: An Act to restrain the negotiation of Promissory Notes and Inland Bills of Exchange under a limited sum in England. The whole act. 1 & 2 Geo. 4. c. 78 Bills of Exchange Act 1821
This page was last edited on 16 April 2020, at 00:31 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
By the 17th century, bills of exchange were being used for domestic payments in England. Cheques, a type of bill of exchange, then began to evolve. Initially, they were called drawn notes, because they enabled a customer to draw on the funds that he or she had in the account with a bank and required immediate payment.
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