LAWIN

Tag: Bill of Exchange

  • Sight Rate

    The rate of exchange used by a bank or foreign exchange dealer in purchasing a sight bill of exchange or similar instrument denominated in a foreign currency….

  • Sight Bill

    A bill of exchange (read here for further details), payable at sight, i.e., upon presentation….

  • Sight Rate

    The rate of exchange used by a bank or foreign exchange dealer in purchasing a sight bill of exchange or similar instrument denominated in a foreign currency….

  • Sighting

    The presentation for acceptance of a bill of exchange (read here for further details) payable at sight or a given number of days after sight….

  • Re-Draft

    A bill of exchange (read here for further details) drawn by a holder of a dishonored draft to recover the face amount of the original instrument, plus protest fees and any exchange loss. The substitute bill may be drawn upon either the maker…

  • Prime Maker

    The party that originally draws a draft or bill of exchange, or that issues negotiable paper, and is ultimately responsible for payment or settlement of the instrument so created….

  • Private Bill

    A bill of exchange (read here for further details) drawn upon and accepted by a party other than a bank; trade acceptances, for example, are private bills….

  • Prime Bill Of Exchange

    A bill of exchange (read here for further details) that states on its face that it arises from the sale of goods….

  • Prime Bill Of Exchange

    A bill of exchange (read here for further details) that states on its face that it arises from the sale of goods….

  • Payable With Exchange

    A condition that may be written on a bill of exchange or check, the effect of which is to stipulate that exchange conversion or collection costs shall be borne by the payee in the case of a bill, or the maker in the case of a check….

  • Per Procuration

    A signature or endorsement on a bill of exchange, check, or other document performed by an agent under a limited authority granted by the principal. An endorsement per procuration (indicated as "per proc.," "per pro.," or "P.P.") gives notice that the agent's author…

  • Original Bill

    Synonymous with first of exchange Bill of Exchange is considered here….

  • Long B Ill

    A bill of exchange having a tenor of at least thirty days' sight, although the term is customarily used in connection with bills having tenors of sixty to ninety days' sight….

  • Long Sterling

    A bill of exchange drawn on London with tenor of more than thirty days' sight….

  • Letter Of Exchange

    An infrequently used synonym for bill of exchange (read here for further details)….