Tag: Bill of Exchange
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Endorsement
A signature, whether or not accompanied by other writings, on the back of a negotiable instrument. By effecting endorsement, the endorsing party usually undertakes to guarantee performance of the instrument, commonly the payment of a specified sum of money at a date prescribed in the […]
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Wire Fate Item
A bill of exchange (read this legal term for further details) or other collection item sent with instructions to the collecting bank to wire acknowledgment of acceptance/collection or dishonor of the instrument….
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Wire Fate Item
A bill of exchange (read this legal term for further details) or other collection item sent with instructions to the collecting bank to wire acknowledgment of acceptance/collection or dishonor of the instrument….
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Usance
The time allowed for settlement of a bill of exchange (read here for further details), as established by custom of the particular trade or usage….
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Usance Bill
Also known as a term bill, a bill of exchange (read here for further details) that affords a term of credit to the party accepting the bill (e.g., thirty days' sight, sixty days date). In effect, a usance bill is any bill other than one …
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Uniform Law On Bills Of Exchange
A product of the 1932 Geneva Convention on Bills of Exchange. The object of the act was to standardize various national laws and usages relative to bills of exchange, thereby overcoming an impediment to rade. The act specifies that a bill of exchange must contain:1. The term bill of exch…
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Time Bill Of Exchange
A bill of exchange (read here for further details) payable other than "at sight," i.e., immediately upon presentation. Bills drawn at sixty days' sight or thirty days date, for example, are time bills….
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Time Bill Of Exchange
A bill of exchange (read here for further details) payable other than "at sight," i.e., immediately upon presentation. Bills drawn at sixty days' sight or thirty days date, for example, are time bills….
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Tenor
The dating provided in a draft or bill of exchange. A draft may provide for a tenor of, for example, sixty days' sight, which means the sum is payable sixty days from presentation. A tenor of sixty days date, on the other hand, means the instrument matures sixty days from the date of execution, …
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Sterling Bill
A bill of exchange (read here for further details) denominated in pounds sterling….
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Sterling Bill
A bill of exchange (read here for further details) denominated in pounds sterling….
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Solus
Bill of Exchange is considered here….
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Sola
Bill of Exchange is considered here….
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Sola
Bill of Exchange is considered here….
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Sole Of Exchange
Bill of Exchange is considered here….