Trade bills and promissory notes
- Trade bills and promissory notes
Accounts which contain: all discounted bills and promissory notes used as a means of payment in domestic and international trade (relating to letters of credit and collections).
International financial encyclopaedia .
2014.
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discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… … Black's law dictionary
discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… … Black's law dictionary
Bill Of Exchange — A non interest bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. Bills of exchange are similar to checks and promissory notes. They can be … Investment dictionary
Bartercard — is the world s largest barter trading exchange. Bartercard enables member businesses to exchange goods and services with other member businesses without using cash or cash equivalents, or having to engage in the direct two way swap of goods… … Wikipedia
aval — A third party guarantee of payment on a bill of exchange or promissory note which is not fully recognised under English law but is recognised in countries that are signatories to the Geneva Convention on Bills of Exchange and Promissory Notes.… … Law dictionary
Story, Joseph — born Sept. 18, 1779, Marblehead, Mass., U.S. died Sept. 10, 1845, Cambridge, Mass. U.S. jurist. After graduating from Harvard University, he practiced law in Salem, Mass. (1801–11) and served in the state legislature and U.S. Congress (1805–11).… … Universalium