letra de cambio
bill of exchange
The term 'letra de cambio' in Spanish can be translated to English as 'bill of exchange'. It is a type of document used in international trade that contains a written order by one party directing another party to pay a certain sum of money to a specified person or the bearer of the document. This term is commonly used in commercial and banking fields.
Example sentences using: letra de cambio
Un banco puede canjear la letra de cambio por dinero en efectivo
A bank can redeem the bill of exchange for cash
In this context, 'letra de cambio' is used to describe a document issued by a debtor which contains a promise to pay a certain amount to a specified person at a predetermined date. The sentence illustrates one of the functions of bills of exchange where a bank can convert it into cash.
La letra de cambio debe firmarse para ser válida
The bill of exchange must be signed to be valid
This phrase reflects the legality aspect of a 'letra de cambio'. As per law, a bill of exchange needs to be signed by the drawer to be considered valid and enforceable.
Ella utilizó la letra de cambio para liquidar una deuda
She used the bill of exchange to settle a debt
This sentence shows another real-world usage of 'letra de cambio' where it can be employed as an instrument to pay off outstanding debts, demonstrating its versatility as a financial instrument.