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Realisation of Assets and Liabilities - Comprehensive

Give word / t...

Question

Give word / term or phrase for each of the following statement.

The person who transfer the ownership of the bill.

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Solution

Endorser

Explanation: The holder of a bill has an option to transfer the bill in favour of his/her creditor. In such cases, the person who transfers the bill is known as an endorser. Generally, a drawer is an endorser.

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