Avalisation: Difference between revisions
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The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee | The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee - for an example an importer - default on payment of the bill at maturity. | ||
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* [[Aval]] | * [[Aval]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 13:02, 27 June 2022
The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee - for an example an importer - default on payment of the bill at maturity.
