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bill of exchange vs redraft

redraft vs bill of exchange

bill of exchange and redraft both are nouns.

Word NounAdjectiveVerbAdverb
bill of exchange Yes No No No
redraft Yes No No No
As nouns, redraft is a hyponym of bill of exchange; that is, redraft is a word with a more specific, narrower meaning than bill of exchange:
  • bill of exchange: a document ordering the payment of money; drawn by one person or bank on another
  • redraft: a draft for the amount of a dishonored draft plus the costs and charges of drafting again
bill of exchange (noun) redraft (noun)
a document ordering the payment of money; drawn by one person or bank on another a draft for the amount of a dishonored draft plus the costs and charges of drafting again
Difference between bill of exchange and redraft

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