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Bills of Exchange
Accounts · Chapter 10 · 6. Bills of Exchange
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- Negotiable instruments: bill of exchange, promissory note (specimens and distinction) and cheque; advantages and disadvantages of bills
- Basic terms: drawer, drawee, payee, endorser, endorsee, holder; bills on demand, after date and after sight; tenure, days of grace and due date
- Treatment of a bill: retained till maturity, discounted, endorsed or sent for collection
- Dishonour of a bill; noting charges and notary public
- Renewal and retirement of a bill; insolvency of the drawee/acceptor