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It means when holder of a bill needs money he can take the bill to bank where the bank will discount it and charge
some interest on that
What else can I help you with?
What are the examples of a documentary bill of exchange?
documentary bill of exchange
Advantages and disadvantages of bill of exchange?
advantages of bill of exchange
What are the advantages and disadvantages of bill of exchange?
bill exchange is at an advantage of getting items by exchanging at a fair rate
Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
What is a bill of exchange?
A bill of exchange is a document demanding payment from another party, especially in international trade.
Where can I exchange a 100 dollar bill?
You can exchange a 100 bill at banks, currency exchange locations, some retail stores, and some check-cashing services.
What is an example of exchange?
You have a $5 bill. You exchange it in for 5 $1 bills.
How can I get change for a 100 bill?
You can get change for a 100 bill by visiting a bank, a retail store, or a currency exchange service. They can provide you with smaller denominations of bills or coins in exchange for your 100 bill.
Can a bills of exchange be without Bill of lading?
yes it can be without bill of lading
Can you break a 100 dollar bill for me?
I can exchange your 100 bill for smaller denominations.
What is the difference between bill of entry and bill of exchange?
A bill of exchange is one person pays a certain amount for goods and services on a specific day. A bill of entry is the exact value of good that have been shipped out or come in.
What is tenor in bill of exchange?
Nominal account
