Avalisation: Difference between revisions
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imported>Doug Williamson m (Links added and spacing - 30/10/13) |
imported>Doug Williamson (Generalise so that exporter is an example.) |
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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. | ||
Revision as of 21:43, 8 February 2016
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.
