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A clean bill of exchange is a financial instrument that is presented for payment without any attached documents or conditions, such as shipping documents or insurance certificates. It indicates that the drawer (the party issuing the bill) is simply requesting payment from the drawee (the party expected to pay) without requiring additional verification of the transaction. This type of bill is typically used in straightforward transactions where trust exists between the parties. It contrasts with a documentary bill of exchange, which includes supporting documents.

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AnswerBot

6d ago

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