LAWIN

Tag: Bill of Exchange

  • Interest-Bearing Drafts

    A draft or bill of exchange containing a clause requiring the drawee to pay interest at a prescribed rate from the date the instrument was drawn until settlement at maturity. A common form of the clause reads: "With interest added thereto at percent per annum fromthe date hereof to …

  • Inland Bill Of Exchange

    A bill drawn and payable in the same state….

  • House Bill

    A bill of exchange drawn by a bank upon its branch or subsidiary abroad….

  • Hypothecation Certificate

    Also known as a letter of hypothecation, a document attached to a bill of exchange (read here for further details) that arises from a shipment of merchandise. The hypothecation certificate empowers the bank presenting the bill or any subsequ…

  • Foreign Bill Of Exchange

    A bill of exchange (read here for further details) drawn in one state or country and payable in another….

  • Eurobill Of Exchange

    A bill of exchange (read here for further details) drawn in a currency other than that used in the country of the maker….

  • Due Date

    The date on which a note, draft, bill of exchange, or similar instrument matures, i.e., becomes payable….

  • Dollar Bill Of Exchange

    Synonymous with Dollar Exchange (read this and related legal terms for further details)….

  • Dollar Exchange

    A draft or bill of exchange, wherever drawn, payable in U.S. dollars….

  • Dishonor

    The refusal of a drawee to accept a DRAFT or BILL OF EXCHANGE (qq.v.) upon presentation, or, having accepted the instrument upon presentation, refusal to pay the face amount of the instrument upon maturity….

  • Demand Bill

    A draft or bill of exchange payable at sight….

  • Direct Collection

    A draft, bill of exchange, or similar instrument presented by a bank, acting as agent of the maker or holder, to the drawee for acceptance or payment. The most common form of such collection involves the presentation of a draft to a drawee, with or without accompanying documents such as bills of lad…

  • Continental Bill

    A bill of exchange drawn on a European bank, other than a British or Irish bank….

  • Commercial Bill

    A bill of exchange (read here for further details) that arises out of a transaction involving the sale of goods….

  • Certificate Of Protest

    The document issued by a notary public or other official confirming that a bill of exchange or other instrument has been presented for acceptance or payment and has been dishonored….