claused bill of exchange　

claused bill of exchange　附条款汇票　

the bill of exchange is among those securities that are transferable by all three methods.The principal method，and usual one，is endoendorsement.In this way a bill of exchange may be transferred even if it does not include the clause“to order”.The other two ways of transfer by assignment of a debt and by merely passing the rights over are possible only when all preconditions set by the law are met.The bill of exchange is transferred by assignment of a debt only if it includes a clause about prohibition of endorsement the so-called restrictive clause.We usually find it in the wording“not to order”before the name of the creditor.Bills of exchange with such a clause of the drawer are called restrictive bills of exchange.