acceptance of bill of exchange
- acceptance of bill of exchange
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The drawee's signed engagement to honor the bill as presented; the signification by the drawee of' his assent to the order of the drawer and his agreement to pay the bill when it falls due. 11 Am J2d B & N § 500.
The contract of the acceptor, by his acceptance, is, that he will pay the bill, upon due presentment thereof, at its maturity, or its becoming due. 11 Am J2d B & N § 500.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
acceptance of a bill of exchange — Acceptance Ac*cept ance, n. 1. The act of accepting; a receiving what is offered, with approbation, satisfaction, or acquiescence; esp., favorable reception; approval; as, the acceptance of a gift, office, doctrine, etc. [1913 Webster] They shall … The Collaborative International Dictionary of English
Bill of exchange — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… … The Collaborative International Dictionary of English
bill of exchange — see bill 7 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bill of exchange … Law dictionary
bill of exchange — noun a document ordering the payment of money; drawn by one person or bank on another • Syn: ↑draft, ↑order of payment • Hypernyms: ↑negotiable instrument • Hyponyms: ↑overdraft, ↑foreign bill … Useful english dictionary
bill of exchange — An unconditional order in writing, addressed by one person (the drawer) to another (the drawee) and signed by the person giving it, requiring the drawee to pay on demand or at a fixed or determinable future time a specified sum of money to or to… … Big dictionary of business and management
bill of exchange — An unconditional order in writing, addressed by one person (the drawer) to another (the drawee) and signed by the person giving it, requiring the drawee to pay on demand or at a fixed or determinable future time a specified sum of money to or to… … Accounting dictionary
Presentment of a bill of exchange — Presentment Pre*sent ment, n. 1. The act of presenting, or the state of being presented; presentation. Upon the heels of my presentment. Shak. [1913 Webster] 2. Setting forth to view; delineation; appearance; representation; exhibition. [1913… … The Collaborative International Dictionary of English
presentment of bill of exchange — See presentment for acceptance; presentment for payment … Ballentine's law dictionary
acceptance of draft — Same as acceptance of bill of exchange … Ballentine's law dictionary
acceptance — I noun accedence, acceptio, accession, accordance, acknowledgment, acquiescence, adoption, agreement, allowance, approbation, approval, assent, assurance, compliance, comprobatio, concordance, consent, endorsement, ratification, receipt,… … Law dictionary