Bill Market

ASSIGNMENT Recent developments in moneymaking(prenominal) Bill Market NOVEMBER 30, 2009  University School of circumspection Studies Guru Gobind Singh Indraprastha University Delhi  Submitted By: SACHIN GOEL (68) MANAV MUDGAL (69) GH Batch MBA (IIIrd SEMESTER) Commercial bill A non-bank bill of exchange (loan) generated by merchant or investment banks and companies. The bill is evidence of the borrowers debt and allegiance to repay at the due date. These bills atomic number 18 covered by the Bills of Exchange Act 1909 - 73, as atomic number 18 bank bills, barely they are called commercial to indicate they are issued by institutions other than banks. Types of Commercial Bills: Commercial bill is an important tool finance computer address sales. It may be a demand bill or a usance bill. A demand bill is collectable on demand, that is immediately at sight or on presentation by the drawee. A usance bill is payable after a specified time. If the seller wishes to give old for payment, the bill would be payable at a upcoming date. These bills can either be clean bills or documental bills. In a clean bill, documents are enclosed and delivered against borrowing by drawee, after which it becomes clear.

In the case of a documentary bill, documents are delivered against payment accepted by the drawee and documents of bill are filed by bankers till the bill is paid. Commercial bills can be inland bills or foreign bills. Inland bills must (1) be gaunt or made in India and must be payable in India: or (2) drawn upon any person resident in India. Foreign bills, on the other hand, are (1) drawn outback(a) India and may be payable and by a party outside India, or may be payable in India or drawn on a party in India or (2) it may be drawn in India and made payable outside India. A relate classification of bills is export bills and import bills. While export bills are drawn by exporters in any country outside India, import bills are drawn on importers in India by exporters abroad. The indigenous variety of... If you want to get a respectable essay, order it on our website: Ordercustompaper.com

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