Banker S Acceptance - Law Dictionary Search Results
Banker's acceptance
Matched in: Term Banker's acceptance
banker's acceptance
Matched in: Term banker's acceptance
Bill of Exchange
of April, 1880. See now (English) R. S. C. Ord. III., r. 6, and Ord. XIV. See also BANKER'S DRAFT; CHEQUE; NEGOTIABLE INSTRUMENTS; PROMISSORY NOTES PROTEST; NOTE A BILL, TO; INCHOATE. Includes a hundi and a cheque. … who makes or draws the bill is called the drawer, he to whom it is addressed is, before acceptance, the drawee, and after accepting it, the acceptor; the person in whose favour it is drawn is the
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Noting
that it has been dishonoured. It is usual, in cases of non-payment of bills of exchange, for London bankers, after six o'clock on the day upon which the bills fall due, to cause inland bills to be … a promissory note or bill of exchange has been dishonoured by non-acceptance or non-payment, the holder may cause such dishonour to be noted by a notary public upon the instrument, or upon a paper attached thereto, or
Presetment of Bill of Exchange, Cheque, or Pro-missory Note
the drawee for acceptance, or to the acceptor or an indorser for payment of, a cheque to the banker for payment, and of a note to the maker or indorser for payment. The law on this subject … banker for payment, and of a note to the maker or indorser for payment. The law on this subject is regulated by the (English) Bills of Exchange Act, 1882, as follows:- Presentment of Bill for Acceptance.--Presentment is
Dishonour
or pay when duly presented for payment a bill of exchange or promissory note or draft on a banker. See (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), s. 47. … Dishonour, to refuse or neglect to accept or pay when duly presented for payment a bill of exchange or promissory note or draft on a
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