Answer / deepa parmar

bill of Exchange is a money instrumenet, used to raise the
moeny from the banks and other financial institutions by
raising the bill of the goods sold..


Thanks & Regards,

Deepa Parmar..

Answer / chinmaya

a "bill of exchange" or a "Hundi" is a kind of legal
negotiable instrument used to settle a payment at a future
date. It is drawn by a drawer on a drawee wherein drawee
accepts the payment liability at a date stated in the
instrument. The Drawer of the Bill of Exchange draw the
bill on the drawee and send it to him for his acceptance.
Once accepted by the drawee, it becomes a legitimate
negotiable instrument in the financial market and a debt
against the drawee. The drawer may, on acceptance, have the
Bill of Exchange discounted from his bank for immediate
payment to have his working capital funds. On due date, the
bill is again presented to the drawee for the payment
accepted by him, as stated therein the bill.

Answer / hassan

Investor Words defines Bills of Exchange as an unconditional
order issued by a person or business which directs the
recipient to pay a fixed sum of money to a third party at a
future date. The future date may be either fixed or
negotiable. A bill of exchange must be in writing, signed
and dated. It is also called a draft.

Answer / nicholas

A bill of exchange is a document that is sometimes used in
home trade, but it is most commonly used in foreign trade.
it is particularly used in the settlement of international
debts. the bill of exchange is made out by the
seller/exporter (the creditor) of goods requiring that the
buyer/importer (the debtor) pays a sum of money on demand,
or on n agreed future date (usually after three months).
both the buyer and the seller benefit from the use of bill
of exchange. the buyer obtains credit on the transaction,
and the seller benefits because instead of waiting for
payment he can either sell the bill at a 'discount',
'negotiate' it by using it to pay off his own debts, or use
it as collateral against a bank loan.

Answer / ankit

bills of Exchange nahi samaj me aaya hai

Answer / akram raja

Bills of exchange is an instrument given seller of the
goods.its prepared for a future payment of the bill when the
goods are bought in a credit

Answer / ayush mundhra

It means that the bill of exchange is drawn by a person
directing another person to pay the specified sum of money.
It is an acknowledgement of debt which also fixes the date
of payment.It is a legal document which is drawn up and
signed by seller.

Answer / jagbir

a bill of exchange is an instrument in writing, an unconditional order signed by the maker directing to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument

Answer / mohd asif

hiii friends,

bill of exchange is an promisory note/negotiable document in which seller draw against purchase of goods where in credit is given to the creditor....

objective is...
to give credit to the creditor

Answer / attaniea sarasta

Bill of exchange is payment method, u can choose this
optional : bank guarantee, cheque or giro

cheers

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