Meaning of veksel | Babel Free

Definitions

A promissory note or bill of exchange, particularly in Russia and Ukraine: a security which entitles its owner to claim certain property of its issuer (the debtor).

Examples

“[…] veksels - were a dominant form of subnational debt. The popularity of veksels was related to soft regulatory requirements concerning their issue and circulation as well as to additional benefits from seignorage[…]”

CEFR level