MrJameGumb ,
@MrJameGumb@lemmy.world avatar

From what I could find on Google an international bill of exchange is: "a written order that one person gives to another person to pay a certain amount of money to a third person. It's like a check, but it can be used in different countries."

Why someone would want to use this to just pay their bills is beyond me, and I don't really care enough to investigate it further.

I assume it's some sort of imaginary SovCit sorcery to try and get away with cheating someone out of money somewhere along the way

deegeese , (edited )
@deegeese@sopuli.xyz avatar

They write a letter saying the debt they owe is going to be paid by their fictional legal person’s trust account and then pretend the debt goes away.

In this case “accepted” means they didn't bother to send a letter back to SovCit explaining that they need to pay actual money.

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