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Wholly owned subsidiary abroad

the laws and regulations of that country and whose entire capital is owned by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, s. 2 (h)]

Holder

Holder, a payee or indorse in possession of a bill of exchange or a promissory note. The 'holder' of a promissory note, bill of exchange or cheque means any person

Sans recours

Sans recours [Fr.] (without recourse to me). A bill of exchange may be so marked by the endorser or any other party (see Bills of Exchange Act, 1882, s.

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Good Friday

Good Friday. The Bills of Exchange Act, 1882, s. 92, consolidating 39 & 40 Geo. 3, c. 42, passed for the better observance of

Alteration

1837 (7 Wm. 4 & 1 Vict. c. 26), s. 21. As to alteration of a bill of exchange, see s. 64 of the Bills of Exchange Act, 1882, by which, where a bill is materially altered

Export

whatever name called, and in the case of software, also includes transmission through any electronic media. [The Foreign Exchange Management (Export of Goods and Services Regulations, 2000, s. 2 (iv)] Means-- (i) taking goods, or providing services,

bail

bail [Anglo-French, act of handing over, delivery of a prisoner into someone's custody in exchange for security, from bailler to hand over, entrust, from Old French, from Latin bajulare to carry (a burden)]

contract

on a set future date called also forward futures contract : a contract purchased or sold on an exchange in which a party agrees to buy or sell a quantity of a commodity on a specified future

conversion

a : the act of changing from one form or use to another b : the act of exchanging one kind of property for another ;esp : the act of exchanging preferred stocks or bonds for shares

convert

convert 1 a : to change from one form or use to another b : to exchange (property) for another esp. of a different kind [if property…is compulsorily or involuntarily ed "Internal Revenue Code"] ;esp

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