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bills of exchange
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Answer / sameera gujral
bill of exchange
Definition
An unconditional order issued by a person or business which
directs the recipient to pay a fixed sum of money to a third
party at a future date. The future date may be either fixed
or negotiable. A bill of exchange must be in writing and
signed and dated. also called draft.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / moorthy_kani
A buyer can purchase goods for debit. that buyer is a debtor
of that receiver,while purchasing the goods bill will make
that bill copy send to buyer that transaction is called
bills of exchange.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ravichandra
an instrument in writing congaing unconditional under taking
singed by the maker to pay certain some of money only are to
the buyer of instrument
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / g.sivakumar
in some cases we are made credit sale or purchases on that
we are made one agreement to repay the money on credit that
agreement contain some time period that agreement may
exchange or epaire on repayment of the agreemented money
that is called as bills of exchage.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guest
it is an financial instrument where
drwer will make an order on written format
and the drawee will accept such bill with unconditional
payment made on certain date whome ever pocess such bill
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj
bill of exchange
Definition
An unconditional order issued by a person or business which
directs the recipient to pay a fixed sum of money to a third
party at a future date. The future date may be either fixed
or negotiable. A bill of exchange must be in writing and
signed and dated. also called draft.
| Is This Answer Correct ? | 0 Yes | 0 No |
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