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
Forms of Business Organizations The term business is wide in meaning. It includes all human activities made for the sake of earning profits through the process of production of

Comparison between Modern and Traditional Methods Both modern and traditional methods will indicate or show strong weaknesses which like a company cannot use either to choose

Maghrabi Enclosure follows a moderate current asset investment policy, but it is considering whether to shift to a different strategy. The firm''s annual sales are $500,000; its f

Explain importance terms of Money, Banking, and the Federal Reserve System. Importance terms of Money, Banking, and the Federal Reserve System: a. The several roles money pl

Expectation Theory The theory states here that the yield curve depends on the expectation concerning with future inflation rates. The rate on long-term bonds will exceed, If i

according to given specialization take down an industry and investigate its managerial hierarchy to describe each of one of the managerial work level functioning

A bondholder buys a bond maturing in two years for Rs. 120 and earns Rs.15 per annum as interest. His YTM is ______ %.

Finance Functions The functions of Financial Manager can broadly be split into two:  The Managerial Functions and The Routine functions. Managerial Finance Functions

Quetion1: You are earning 5.2 percent on a certificate of deposit. Inflation is running 3.5 percent. What is the real rate of return on your investment? Question2: Search for