Commercial Arithmetic |
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Page 225
... acceptance . Banks sell Bills of Exchange on their agents or correspondents , to their customers . Days of Grace are allowed , but these are reckoned in discounting . A Promissory Note is an absolute promise to pay ( 1st ) a certain sum ...
... acceptance . Banks sell Bills of Exchange on their agents or correspondents , to their customers . Days of Grace are allowed , but these are reckoned in discounting . A Promissory Note is an absolute promise to pay ( 1st ) a certain sum ...
Page 226
... acceptance or non - payment to save the honour of the drawer and to prevent the expense of the bill's return through the intervening indorsers . The endorsed second and accepted first are fastened together and form one bill . Bills are ...
... acceptance or non - payment to save the honour of the drawer and to prevent the expense of the bill's return through the intervening indorsers . The endorsed second and accepted first are fastened together and form one bill . Bills are ...
Page 234
... acceptance to the debtor , and finally it must be paid at the expiration of its currency . 3. Either of the above classes of ways may be adopted also by means of indirect bills , i.e. by buying EXCHANGE OPERATIONS . 235 or selling bills ...
... acceptance to the debtor , and finally it must be paid at the expiration of its currency . 3. Either of the above classes of ways may be adopted also by means of indirect bills , i.e. by buying EXCHANGE OPERATIONS . 235 or selling bills ...
Page 237
... acceptance and negotiating the other at once . Such bills are generally in the currency of the creditor's country and thus usually bear the words exchange as per endorsement , " especially in the case of bills drawn in £ sterling . The ...
... acceptance and negotiating the other at once . Such bills are generally in the currency of the creditor's country and thus usually bear the words exchange as per endorsement , " especially in the case of bills drawn in £ sterling . The ...
Page 258
... acceptance without delay - at latest on the business day following the day of receipt . The bill must be transmitted to the drawee for acceptance he is not required to call to see it . If it be sent by post a stamped envelope should be ...
... acceptance without delay - at latest on the business day following the day of receipt . The bill must be transmitted to the drawee for acceptance he is not required to call to see it . If it be sent by post a stamped envelope should be ...
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Common terms and phrases
A. W. VERRALL aliquot Aliquotise Amsterdam annuity arbitrated assay Austrian florins Avoirdupois Bank Bar silver bills of exchange Brokerage 1 p.m. bullion bushels calculated carats cash balance centesimos centimes cents cheques College compound amount Course of Exchange currency cwts debt decametre decimal Decimalise Direct rates discount Divide dollar dwts endorsed English Example farthings Fcap Find price Fixed number florins fraction francs gallon galls given price gold coins grains grammes GREEK Hamburg hectolitres inches interest kilog kilogramme LATIN legal tender Lisbon litres London M.A. BOOK metre metric system millièmes milreis mils Multiply Note number of places Paris payment pence pesetas peso piastres places required correct premium Price per lb Prof Professor profit quoted rate of exchange remittances Rule rupee selling sight sold stamp sterling tael Troy Weights and Measures zero date
Popular passages
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