holder of bill of exchange
61Redraft — Re*draft , n. 1. A second draft or copy. [1913 Webster] 2. (Com.) A new bill of exchange which the holder of a protected bill draws on the drawer or indorsers, in order to recover the amount of the protested bill with costs and charges. [1913… …
62Trover — is a form of lawsuit in common law countries for recovery of damages for wrongful taking of personal property. Trover belongs to a series of remedies for such wrongful taking, its distinctive feature being recovery only for the value of whatever… …
63payee — pay·ee /ˌpā ē/ n: a person to whom money is to be or has been paid; specif: the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer Merriam Webster’s Dictionary of Law.… …
64Endorsement — A guarantee (or warranty) to pay, on maturity, the face value of a bill of exchange (e.g. by endorsing it per avail ). Certain types of endorsement used in some countries are effectively acceptances. It has, however, become routine in many… …
65endorsement — indorsement 1) A signature on the back of a bill of exchange or cheque, making it payable to the person who signed it. A bill can be endorsed any number of times, the presumption being that the endorsements were made in the order in which they… …
66endorsement — indorsement 1) A signature on the back of a bill of exchange or cheque, making it payable to the person who signed it. A bill can be endorsed any number of times, the presumption being that the endorsements were made in the order in which they… …
67noting — 1) The procedure adopted if a bill of exchange has been dishonoured by non acceptance or by non payment. Not later than the next business day after the day on which it was dishonoured, the holder has to hand it to a notary public to be noted. The …
68redraft — The drawing of a new bill of exchange on the drawer or indorser of a bill which has been protested, by the holder of the original bill. The making of a second draft in the preparation of a will or other instrument …
69endorsement — In banking, the act of the owner or payee signing her or his name to the back of a check, bill of exchange or other negotiable instrument so as to make it payable to another or cashable by any holder. A qualified endorsement contains specific… …
70postal order — noun a written order for the payment of a sum to a named individual; obtainable and payable at a post office • Syn: ↑money order • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Britain …
