LAWIN

Tag: Bill of Exchange

  • Protest

    Summary of Protest A notice in writing, prepared before a notary public or other official authorized to administer oaths, stipulating that a draft, check, bill of exchange, or other instrument has been dishonored, either by a refusal to accept on the part of the drawee, or by failure to pay […]

  • Protest

    Summary of Protest A notice in writing, prepared before a notary public or other official authorized to administer oaths, stipulating that a draft, check, bill of exchange, or other instrument has been dishonored, either by a refusal to accept on the part of the drawee, or by failure to pay […]

  • Allonge

    Summary of Allonge An attachment to a bill of exchange or other negotiable instrument upon which additional endorsements can be placed when no room remains on the instrument itself. The method by which an allonge is to be attached is not specified, other than it must be "permanently […]

  • Allonge

    Summary of Allonge An attachment to a bill of exchange or other negotiable instrument upon which additional endorsements can be placed when no room remains on the instrument itself. The method by which an allonge is to be attached is not specified, other than it must be "permanently […]

  • Accommodation Bill

    Summary of Accommodation Bill A bill of exchange or similar instrument to which a credit-worthy party has added its endorsement, usually to enhance the value of the bill as a money market instrument.(Main Author: William J. Miller) Description of Accommodation Bill Resources See […]

  • Accommodation Bill

    Summary of Accommodation Bill A bill of exchange or similar instrument to which a credit-worthy party has added its endorsement, usually to enhance the value of the bill as a money market instrument.(Main Author: William J. Miller) Description of Accommodation Bill Resources See […]

  • Acceptor

    Summary of Acceptor A person who accepts a draft or bill of exchange. The act of acceptance is performed by writing or stamping the word accepted across the face of the instrument, accompanied by the acceptor's signature.(Main Author: William J. Miller) Description of […]

  • Acceptor

    Summary of Acceptor A person who accepts a draft or bill of exchange. The act of acceptance is performed by writing or stamping the word accepted across the face of the instrument, accompanied by the acceptor's signature.(Main Author: William J. Miller) Description of […]

  • Draft

    Summary of Draft A written, unconditional demand upon a named party to pay a specified sum of money at a prescribed date. The person who makes the demand for payment, i.e., the person who prepares the draft, is known as the drawer or maker of the instrument; the party of whom payment is […]

  • Clean Bill of Exchange

    Any bill of exchange (read here for further details) not accompanied by documents, such as invoices, bills of lading, et cetera. See direct collection….

  • Clean Bill of Exchange

    Any bill of exchange (read here for further details) not accompanied by documents, such as invoices, bills of lading, et cetera. See direct collection….

  • Documents Against Acceptance

    Bill Of Exchange, Direct Collection….

  • Documents Against Acceptance

    Bill Of Exchange, Direct Collection….

  • Agio

    A premium paid in the process of exchanging one currency for another, or for a bill of exchange denominated in a foreign currency….

  • Forfaiting

    A means of financing trade based upon the transfer of debt obligations arising from the sale of goods and services, usually exports. The merchant sells to the forfaiter, without recourse, the debt obligation of the foreign purchaser, usually in the form of a trade bill of exchange or promissory […]