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A bill of exchange is a written order from one party (the drawer) to another party (the drawee) to pay a certain amount of MoneyMoney to a third party (the payee) on a specified date. Bills of exchange are often used in international trade, but they can also be used in domestic transactions.
A promissory note is a written promise from one party (the maker) to pay a certain amount of money to another party (the payee) on a specified date. Promissory notes are often used as a form of loan, but they can also be used to purchase goods or services.
A banker’s acceptance is a type of bill of exchange that is accepted by a bank. This means that the bank guarantees that the bill will be paid on the due date. Banker’s acceptances are often used in international trade, as they provide a higher level of security than other Types of Bills of exchange.
A trade acceptance is a type of bill of exchange that is created in the course of a business transaction. The seller of goods or services issues the trade acceptance to the buyer, who agrees to pay the amount due on a specified date. Trade acceptances are often used as a form of short-term financing.
A documentary bill is a bill of exchange that is accompanied by documents that prove that the goods or services have been shipped or delivered. Documentary bills are often used in international trade, as they provide evidence that the buyer has received the goods or services that they have ordered.
A clean bill is a bill of exchange that is not accompanied by any documents. Clean bills are often used in domestic transactions, as they are less expensive to process than documentary bills.
A sight bill is a bill of exchange that is payable on demand. This means that the drawee must pay the amount due on the date that the bill is presented.
A time bill is a bill of exchange that is payable at a future date. The due date for a time bill is usually specified on the face of the bill.
Usance bills are time bills that have a maturity of more than one month. Usance bills are often used in international trade, as they allow the buyer to have more time to pay for the goods or services that they have ordered.
A revocable bill is a bill of exchange that can be cancelled by the drawer at any time. This means that the drawee is not obligated to pay the amount due on the bill if the drawer cancels it.
An irrevocable bill is a bill of exchange that cannot be cancelled by the drawer. This means that the drawee is obligated to pay the amount due on the bill, even if the drawer cancels it.
A negotiated bill is a bill of exchange that has been transferred to a third party. The third party is known as the “negotiator”. The negotiator can be either the payee or another party.
A non-negotiable bill is a bill of exchange that cannot be transferred to a third party. This means that the only party that can be paid on the bill is the payee.
An inland bill is a bill of exchange that is payable within the same country as the country in which it was issued.
A foreign bill is a bill of exchange that is payable in a country other than the country in which it was issued.
A straight bill is a bill of exchange that is payable to the order of a specific person.
An order bill is a bill of exchange that is payable to the order of the bearer.
A bearer bill is a bill of exchange that is payable to the bearer. This means that the person who has possession of the bill is entitled to be paid on the due date.
At sight bills are bills of exchange that are payable on demand.
At usance bills are bills of exchange that are payable at a future date.
Dated bills are bills of exchange that are dated on the day that they are issued.
Acceptance bills are bills of exchange that have been accepted by the drawee. This means that the drawee has agreed to pay the amount due on the bill on the due date.
Clean bills are bills of exchange that are not accompanied by any documents.
Documentary bills are bills of exchange that are accompanied by documents that prove that the goods or services have been shipped or delivered.
Open account is a method of payment in which the buyer does not pay for the goods or services that they have ordered until they receive them.
Cash on delivery is a method of payment in which the buyer pays for the goods or services that they have ordered when they receive them.
Cash before delivery is a method of payment in which the buyer pays for the goods or services that they have ordered before they receive them.
Cash on acceptance is a method of payment in which the buyer pays for the goods or services that they have ordered when they accept the bill of exchange.
Bills of exchange are a written order from one party to another, requiring the recipient to pay a specified amount of money to a third party.
Promissory notes are a written promise from one party to another to pay a specified amount of money at a specified time.
Bankers’ acceptances are bills of exchange that have been accepted by a bank. This means that the bank has promised to pay the bill at maturity, even if the original drawer of the bill is unable to do so.
Trade acceptances are bills of exchange that are used in the course of trade. They are typically drawn by a seller on a buyer, and require the buyer to pay the bill at a specified time after the goods have been shipped.
Documentary bills are bills of exchange that are accompanied by documents that evidence the underlying transaction. For example, a documentary bill of exchange for the sale of goods might be accompanied by a bill of lading, which is a document that shows that the goods have been shipped.
Clean bills are bills of exchange that are not accompanied by any documents.
Sight bills are bills of exchange that are payable on demand.
Time bills are bills of exchange that are payable at a specified time in the future.
Usance bills are time bills that are payable a certain number of days after sight.
Revocable bills are bills of exchange that can be cancelled by the drawer at any time before they are due.
Irrevocable bills are bills of exchange that cannot be cancelled by the drawer.
Negotiated bills are bills of exchange that have been transferred to a third party.
Non-negotiable bills are bills of exchange that cannot be transferred to a third party.
Inland bills are bills of exchange that are payable in the same country as the country in which they were drawn.
Foreign bills are bills of exchange that are payable in a different country from the country in which they were drawn.
Straight bills are bills of exchange that are payable to the bearer.
Order bills are bills of exchange that are payable to a named person or to their order.
Bearer bills are bills of exchange that are payable to the bearer.
At sight bills are bills of exchange that are payable on demand.
At usance bills are bills of exchange that are payable at a specified time in the future.
Dated bills are bills of exchange that are dated on the day they are drawn.
Acceptance bills are bills of exchange that have been accepted by the drawee. This means that the drawee has promised to pay the bill at maturity.
Clean bills are bills of exchange that are not accompanied by any documents.
Documentary bills are bills of exchange that are accompanied by documents that evidence the underlying transaction.
Open account is a method of payment in which the buyer does not pay for the goods until they have been received.
Cash on delivery is a method of payment in which the buyer pays for the goods when they are delivered.
Cash before delivery is a method of payment in which the buyer pays for the goods before they are delivered.
Cash on acceptance is a method of payment in which the buyer pays for the goods when they have been accepted by the buyer.
Cash against documents is a method of payment in which the buyer pays for the goods when they have been presented with the relevant documents, such as a bill of lading.
Documents against acceptance is a method of payment in which the buyer pays for the goods when they have been accepted by the buyer and the relevant documents have been presented.
Documents against payment is a method of payment in which the buyer pays for the goods when they have been presented with the relevant documents and the goods have been shipped.
Letters of credit are a type of financial instrument that is used to guarantee payment for goods or services.
Standby letters of credit are letters of credit that are used to guarantee payment in the event that a buyer defaults on a contract.
Revolving letters of credit are letters of credit that can be used multiple times, up to a specified limit.
Confirmed letters of credit are letters of credit that have been confirmed by a bank in the buyer’s country. This means that the bank in the buyer’s country has promised to pay the bill even if the issuing bank is unable to do so.
Unconfirmed letters of credit are letters of credit that have not been confirmed by a bank in the buyer’s country. This means that the issuing bank is the only bank that is obligated to pay the bill.
1. A bill of exchange is a written order to pay a certain amount of money to a specified person or entity.
2. A promissory note is a written promise to pay a certain amount of money to a specified person or entity.
3. A banker’s acceptance is a bill of exchange that has been accepted by a bank.
4. A trade acceptance is a bill of exchange that is drawn by a seller on a buyer in connection with a sale of goods.
5. A documentary bill is a bill of exchange that is accompanied by documents that evidence the underlying transaction, such as a bill of lading or insurance policy.
6. A clean bill is a bill of exchange that is not accompanied by any documents.
7. A sight bill is a bill of exchange that is payable on demand.
8. A time bill is a bill of exchange that is payable at a specified future date.
9. A usance bill is a time bill that is payable at a specified future date after sight.
10. A revocable bill is a bill of exchange that can be cancelled by the drawer at any time.
11. An irrevocable bill is a bill of exchange that cannot be cancelled by the drawer.
12. A negotiated bill is a bill of exchange that has been transferred to a third party.
13. A non-negotiable bill is a bill of exchange that cannot be transferred to a third party.
14. An inland bill is a bill of exchange that is payable in the same country as the country in which it was drawn.
15. A foreign bill is a bill of exchange that is payable in a country other than the country in which it was drawn.
16. A straight bill is a bill of exchange that is payable to a specified person or entity.
17. An order bill is a bill of exchange that is payable to the order of a specified person or entity.
18. A bearer bill is a bill of exchange that is payable to the bearer.
19. An at sight bill is a bill of exchange that is payable on demand.
20. An at usance bill is a time bill that is payable at a specified future date after sight.
21. A dated bill is a bill of exchange that is dated on the day it is drawn.
22. An acceptance bill is a bill of exchange that has been accepted by the drawee.
23. A clean bill is a bill of exchange that is not accompanied by any documents.
24. A documentary bill is a bill of exchange that is accompanied by documents that evidence the underlying transaction, such as a bill of lading or insurance policy.
25. Open account is a method of payment in which the buyer does not pay for the goods until they are received.
26. Cash on delivery is a method of payment in which the buyer pays for the goods when they are received.
27. Cash before delivery is a method of payment in which the buyer pays for the goods before they are shipped.
28. Cash on acceptance is a method of payment in which the buyer pays for the goods when they are accepted by the buyer’s bank.
29. Cash against documents is a method of payment in which the buyer pays for the goods when they are presented with the shipping documents.
30. Documents against acceptance is a method of payment in which the buyer pays for the goods when they are presented with the shipping documents and the bill of lading has been accepted by the buyer’s bank.
31. Letters of credit are a type of instrument that is used to guarantee payment for goods or services.
32. Standby letters of credit are letters of credit that are used to guarantee performance of a contract.
33. Revolving letters of credit are letters of credit that can be used multiple times.
34. Confirmed letters of credit are letters of credit that have been confirmed by a bank in the buyer’s country.
35. Unconfirmed letters of credit are letters of credit that have not been confirmed by a bank in the buyer’s country.
36. Irrevocable letters of credit are letters of credit that cannot be cancelled by the issuer.
37. Revocable letters of credit are letters of credit that can be cancelled by the issuer.
38. Sight letters of credit are letters of credit that are payable on demand.
39. Time letters of credit are letters of credit that are payable at a specified future date.
40. Usance letters of credit are time letters of credit that are payable at a specified future date after sight.
41. Documentary letters of credit are letters of credit that are accompanied by documents that evidence the underlying transaction, such as a bill of lading or insurance policy.
42. Clean letters of credit are letters of credit that are not accompanied by any documents.
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