1
Question
What is the retirement of a bill of exchange?
What is the retirement of a bill of exchange?
Open in App
Solution
When the drawee of the bill has funds at his disposal and makes a request to the drawer or holder to accept the payment of the bill before its maturity with some discount and if the holder agrees to do so, it is called the retirement of a bill of exchange.
When the drawee of the bill has funds at his disposal and makes a request to the drawer or holder to accept the payment of the bill before its maturity with some discount and if the holder agrees to do so, it is called the retirement of a bill of exchange.
Suggest Corrections
6
Similar questions
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
