finance bill of exchange
91acceptance — /ak sep teuhns/, n. 1. the act of taking or receiving something offered. 2. favorable reception; approval; favor. 3. the act of assenting or believing: acceptance of a theory. 4. the fact or state of being accepted or acceptable. 5. acceptation… …
92Institute for Fiscal Studies — The Institute for Fiscal Studies is a UK economic research institute. It specialises in research on UK taxation and public policy. It is politically independent and produces both academic and policy related findings.Areas of research covered… …
93drawee — draw·ee /drȯ ē/ n: the party (as a bank) on which a draft is drawn compare drawer, payee Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
94Hawala — (also known as hundi) is an informal value transfer system based on performance and honor of a huge network of money brokers which are primarily located in the Middle East, Africa and Asia.OriginsHawala has its origins in classical Islamic law,… …
95holder in due course — holder in due course: the holder of a negotiable instrument that is complete and regular on its face and that is taken in good faith and for value without notice that it is overdue or has been dishonored or that there is any defense against it or …
96security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …
97drawee — The party to whom a check or draft is written. Also called payee. American Banker Glossary The party who is directed to pay as specified in a draft. Bloomberg Financial Dictionary * * * drawee draw‧ee [ˌdrɔːˈiː ǁ ˌdrɒː ] noun [countable] BANKING …
98payment in due course — n. Payment to the holder of a negotiable instrument on or after its maturity date in good faith and with no known defects in title. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …
99Discount rate — The interest rate that the Federal Reserve charges a bank to borrow funds when a bank is temporarily short of funds. Collateral is necessary to borrow, and such borrowing is quite limited because the Fed views it as a privilege to be used to meet …
100payable on demand — A debt on a promissory note or bill of exchange which must be paid when demanded by the payee (the party to whom the debt is owed). Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash Flow …
