Bills of exchange, Finance Basics

Bills of Exchange

Bills of Exchange are a source of finance in specifically in the export trade. A bill of swapping is an unconditional arrange in writing addressed via one person to another needing the person to whom it is addressed to pay to him as his order a particular sum of money. The commonest categories of bills of exchange used in financing are accommodation bills of exchange. For a bill to be a lawful document; it must be like

  1. Drawn via the drawer.
  2. Bear a stamp duty
  3. Acceptable via the drawer
  4. Mature in period.

It is necessitate raising finance with:

  1. Giving it out as security.
  2. Negotiating
  3. Discounting it
Posted Date: 1/29/2013 4:50:02 AM | Location : United States







Related Discussions:- Bills of exchange, Assignment Help, Ask Question on Bills of exchange, Get Answer, Expert's Help, Bills of exchange Discussions

Write discussion on Bills of exchange
Your posts are moderated
Related Questions
The following information pertains to Fairways Driving Range, Inc.: The company is considering operating a new driving range facility in Sanford, FL. In order to do so, they will

Which of the following is true with regards to rising interest rates. A. Use long-term loans to take advantage of current low rates. B. The term of the loan is ot impacted by risin

Importance and Solution of Dividend Decisions Dividends decisions are integral part of a firm's strategic financing decision. It is hence a plan of action adopted by managemen

Incentive Problem and Consumption of Perquisites Incentive Problem Managers may have fixed salary and they may have no incentive to work hard and maximize shareholders weal

Draw the network diagram of the following project according to the activity list and relationships mentioned below Table 1 Activity Du

Agency Relationship between Auditors and Shareholders Shareholders appoint auditors as per the provisions of Section 159(1)-(6) of the Companies Act. The auditors are believed

Significance of Investment Decisions a) Such type of decisions is importance since they will influence the company's size or like fixed assets, retained and sales earnings.

Foreign Trade Balance If the Government buys or imports much more than it sells or exports there will be a trade deficit such will require financing.The most important source

Standard ratio analysis should be used to supplement the discussion of strength and weakness. The following ratios are most often used by practitioners: (a) Growth Rates: PEG R

Explain about commercial banks in depository institutions. Commercial banks: Commercial banks accept deposits or liabilities to create loans or assets and to buy governme