Match the textbook definition on the left to the correct term on the right A bill of exchange (B/E) that is due on demand; i.e., when presented to the bank. A U.S. government agency created to financ and otherwise facilitate imports and exports The length of time of a contract or debt obligation; loan repayment period. An international trade term. A bill of exchange drawn directly upon and accepted by an importer or purchaser, rather than a bank, and due at a specified future time. A draft that allows a delay in payment. It is presented to the drawee, who accepts it by writing a notice of acceptance on its face. Once accepted, the time draft becomes a promise to pay by the accepting party