set of exchange

set of exchange. Commercial law. A single bill of lading drawn in a set of parts, each of which is valid only if the goods have not been delivered against any other part. • Bills may be drawn in duplicate or triplicate, the first part being “first of exchange,” the second part being “second of exchange,” and so on. When one part has been paid, the other parts become void.

---

词条贡献者

双语律师Jason，国内知名法学院国际贸易专业，擅长翻译各类与出口管制、经济制裁及海关相关的法律文件。