Bills of Exchange A credit instrument that originates from the creditor (drawer) on which the DEBTOR (drawee) acknowledges his LIABILITY; after such acceptance, the drawer may get the bill discounted, so as to realize the proceeds immediately.
Bills of exchange must be stamped, but the act of 1882 does not regulate the stamp. It merely saves the operation of the stamp laws, which necessarily vary from time to time according to the fluctuating needs and policy of the exchequer.
Bills of Exchange
Checks drawn on the customer by the supplier for payment at a future date.
dealer in bills of exchange an agent who buys and sells promissory notes and bills of exchange
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loans, notes, bills of exchange, and bankers' acceptances financing agricultural transactions.
Liability on bills of exchange:
A liability created by the signature on the bill of Exchange .
Français: Dette sur lettre de change
Español: Obligaciones basadas en la letra de cambio ...
Rediscounting bills of exchange - Buying bills before they reach maturity.
Reducing balance method - A method used to calculate the annual depreciation allowance which involves writing off the same percentage rate each year.
[ITDS] after date A notation used on financial instruments (such as drafts or bills of exchange) to fix the maturity date as a fixed number of days past the date of drawing of the draft.
Accepting house A financial institution that accepts (guarantees) bills of exchange in return for a fee.... Accounting Rate of Return Average operating profit ÷ average book value of assets, as a percentage....
(c) obligations arising under bills of exchange, cheques and promissory notes and other negotiable instruments to the extent that the obligations under such other negotiable instruments arise out of their negotiable character; ...
Early on, the exchange was primarily a marketplace for trading bonds, bills of exchange and foreign currencies; shares were traded for the first time in 1818.
Nonrecourse financing based on discounting of bills of exchange or promissory notes by a financing institution that absorbs the risk of collecting payment from the buyer without recourse to the supplier.
Forfaiting ...
An organisation, usually a merchant bank, that accepts or guarantees bills of exchange and so finances trade deals and goods being shipped. ...(Read more)
Access
A former credit card system that was sold to Mastercard and discontinued....
Bills of exchange, drafts, checks, and telegraphic orders are the principal means of payment in international transactions.
The claims arise when, through the purchase of bills of exchange or similar transactions, a foreign bank credits a dollar deposit account.
Bills of exchange are negotiable instruments, usually maturing within six months, and sold at a discount to face value.
An Australian computerised settlement and safe custody system for bills of exchange and cash transactions. The Austraclear system is a real-time system which members access from their premises.
discount[ing] notes, drafts, and bills of exchange arising out of actual commercial transactions.. . . The time, character, and volume of sales of [this eligible] paper . . .
Negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified.
The market for trade in short-term securities such as Bills of Exchange, Promissory Notes and Government and Semi-Government bonds.
The giving of value for (purchasing of) Bills of Exchange and/or documents.
Nominated bank
The bank authorised by the issuing bank to accept, negotiate, pay or incur a deferred payment undertaking, usually in the exporter's country.
BANKERS ACCEPTANCE - Bankers acceptances are negotiable time drafts, or bills of exchange, that have be...
BANKERS ACCEPTANCES - Are money market instruments which are used to finance import or export transacti...
A notation used on financial instruments (such as drafts or bills of exchange) to fix the maturity date as a fixed number of days past the date of drawing of the draft.
After Sight ...
The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange.
An accepting house is a banking or finance organization that specializes in the service of acceptance and guarantee of bills of exchange.
A deduction from the face value of commercial paper such as bills of exchange, in consideration of receipt of cash by the seller before maturity date.
Money market: A trading market for short-term securities, such as bills of exchange, COD's and promissory notes. Securities within the money market all have terms of 1 year or less.
Bank A business or establishment authorized to perform one or more of the following services: receive and safeguard money and other valuables; lend money at interest; execute bills of exchange, such as checks and drafts; ...
Any type of financial instrument-from electronic transactions to paper currency, checks, and signed, written orders called bills of exchange-that's used to make payments between countries is considered foreign exchange.
This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge.
A British term for companies that play an important part of the money market, dealing in short-dated government bonds, banker's acceptances, commercial paper and bills of exchange and other instruments. Sometimes called bill brokers.
However foreign exchange also includes things like bank checks and "bills of exchange" (a sort of contract that's paid for with the currency of one nation that can be then traded for the currency of another country).
Any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange.
This type of instrument is a transferable, signed document that promises to pay the bearer a sum of money at a future date or on demand. Examples also include bills of exchange, promissory notes, drafts and certificates of deposit.
straight paper Uninsured notes, bills of exchange, and banker's acceptances. straight value This is the approximate open market price for a security lacking convertibility....
 See also: Bills, Banks, Expense, Administration, Saving
  
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