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Bill of exchange (may be paid (at a fixed date (on 1st Dec..pay..), after…
Bill of exchange
the drawer and the payee are usually the
same person
no value
until it has been accepted by the drawee who signs
may be paid
at a fixed date
(on 1st Dec..pay..)
after sight
(60 days after sight pay)
at sight,on demand or on presentation
(at sight pay...)
after date
(3 months after date pay)
clean
(without doc.)
documentary
(with doc.)
dishonoured
when the
notary
presents it at the drawee for payment
noting
(memo)
drawee fails to meet it on
maturity
extended to
protest
acceptance
general
(whitout qualifications)
qualified
(with some conditions)
a partial
acceptance
an acceptance
qualified
as to time
a conditional
acceptance
endorsment
blank
special
restrictive
Diposal
Transfer
wait until it matures
Discount