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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).
1999 January 1, Lev M. Freinkman, Daniel Treisman, Stepan Titov, Subnational Budgeting in Russia: Preempting a Potential Crisis, World Bank Publications, →ISBN, page 42:
[…]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[…]